Question: Given the following information, use Excels Regression tool and scatter plot tool to: a. What is the 95% prediction interval for the true overhead when

Given the following information, use Excels Regression tool and scatter plot tool to:

a. What is the 95% prediction interval for the true overhead when the number of units produced is 1,000?

b. What is the residual for the fifth observation (round to two decimal places)?

Month

Units produced

Manuf. Overhead

1

500

131,000

2

600

135,000

3

400

104,000

4

300

76,000

5

800

186,000

6

900

190,100

7

600

150,000

8

400

98,000

9

300

78,000

10

200

60,000

11

400

108,000

12

600

152,000

13

700

158,000

14

500

134,380

15

300

86,000

16

200

60,000

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