Question: Please find the correlation coefficient R .97 is incorrect In the packaging department of a large aircraft parts distributor, a fairly reliable estimate of packaging

 Please find the correlation coefficient R .97 is incorrect In the

Please find the correlation coefficient R .97 is incorrect

In the packaging department of a large aircraft parts distributor, a fairly reliable estimate of packaging and processing costs can be determined by knowing the weight of an order. Thus, the weight is a cost driver that accounts for a sizable fraction of the packaging and processing costs at this company. Data for the past 10 orders are given as follows Weight (Pounds), x 225 285 225 185 315 305 280 255 280 Packaging and Processing Cost ($),y 95 108 90 a. Estimate the bo and by coefficients, and determine the linear regression equation to fit these data. b. What is the correlation coefficient (R)? c. If an order weighs 330 lb, how much should it cost to package and process it? 124 116 110 102 106 Rd The coefficient b is 28 (Round to three decimal places.) The linear regression equation that fits this data is the following y 30.67+28x (Round the constant and the coefficient to three decimal places.) b. The correlation coefficient (R) is 97. (Round to three decimal places.)

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