Question: For problems 25 to 27, use the following data for the calculation time for a given number of jobs. Hundreds of hours 1 2 3

For problems 25 to 27, use the following data for the calculation time for a given number of jobs. Hundreds of hours 1 2 3 4 5 Repair hours 10 40 30 80 90

25. What is the approximate value of the intercept using the least squares method?

a. -10 b. 0 c. 20 d. none of the above

26. What is the approximate value of the slope using the least squares method?

a. 10 b. 15 c. 20 d. none of the above

27. What is the closest predicted time for 450 hours?

a. 80 b. 760 c. 8990 d. none of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

1 Exercise 3: Lift and Airfoils The first part of this week's assignment is to choose and research a reciprocating engine powered (i.e. propeller type) aircraft. You will further use your selected...

Q:

BLC Inc. is a medium-sized manufacturing company based in the UK. The company operates mainly in the London area and is based in Peterborough. At a recent board meeting, the company decided to expand...

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

BA 1605: Midterm Recap (Due: Feb. 27, 2015) Name _____________________________ 50 Student ID _____________________________ Section 01B 10:00~11:20 am Section 02B 01:00~02:20 pm [Questions 4 ~ 7] The...

Q:

Car Dealer Number of Number Cars Sold 1 23 2 31 3 13 4 7 5 17 6 23 7 25 8 16 9 40 10 25 11 23 12 18 13 7 14 38 15 18 16 17 17 7 18 39 19 24 20 16 21 39 22 18 23 16 24 15 25 15 26 22 27 18 28 13 29 11...

Q:

Car Dealer Number of Number Cars Sold 1 23 2 31 3 13 4 7 5 17 6 23 7 25 8 16 9 40 10 25 11 23 12 18 13 7 14 38 15 18 16 17 17 7 18 39 19 24 20 16 21 39 22 18 23 16 24 15 25 15 26 22 27 18 28 13 29 11...

Q:

Old MathJax webview 1. The Otto Maddick Machine Tool Company produces two products, muffler bearings and torque amplifiers. One muffler bearing requires 0.125 hours of assembly labor, 0.25 hours in...

Q:

Analysis of the effect of the monetary policy response to COVID19 in Europe on the corporate bond market risk premium. a) Draw the initial corporate bond market equilibrium, clearly labelled. Now the...

Q:

A financial contract pays a reward to the participants when losses are below a certain threshold, this is a particular type of problem which Weishaus calls a "Bonus" problem. The bonus, dividend, or...

Q:

Which of the following is provided by the seller to the buyer asserting the seller is not a foreign person AND the affidavit contains the social security number or taxpayer ID if the purchase is over...

Q:

On March 31, 2018, the Accounts receivable balance of Dunham Manufacturing, Inc.. is $173,000. The Allowance for uncollectible accounts has a $1,650 credit balance. Dunham Manufacturing, Inc.,...