The estimated regression equation is = 1246.67 + 7.6x. Use a = 0.05 to test...
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The estimated regression equation is ŷ = 1246.67 + 7.6x. Use a = 0.05 to test whether the production volume is significantly related to the total cost. Complete the ANOVA table. Enter all values with nearest whole number, except the F test statistic (to 2 decimals) and the p-value (to 4 decimals). Use Table 1 of Appendix B. Production Volume (units) Total Cost ($) 400 4000 450 5000 5400 550 600 5900 700 6400 750 7000 Source of Degrees of Sum Мean p-value Variation Freedom of Squares Square F Regression Error Total What is your conclusion? v - Select your answer - Conclude production volume and total cost are related Do not conciude production volume and total cost are related The estimated regression equation is ŷ = 1246.67 + 7.6x. Use a = 0.05 to test whether the production volume is significantly related to the total cost. Complete the ANOVA table. Enter all values with nearest whole number, except the F test statistic (to 2 decimals) and the p-value (to 4 decimals). Use Table 1 of Appendix B. Production Volume (units) Total Cost ($) 400 4000 450 5000 5400 550 600 5900 700 6400 750 7000 Source of Degrees of Sum Мean p-value Variation Freedom of Squares Square F Regression Error Total What is your conclusion? v - Select your answer - Conclude production volume and total cost are related Do not conciude production volume and total cost are related
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