Question: Read / view file: Maintenance.csv Your tire and auto business is considering the purchase of a computer wheel alignment and balancing machine. You believe the
Readview file: Maintenance.csv
Your tire and auto business is considering the
purchase of a computer wheel alignment and
balancing machine. You believe the weekly usage
should predict maintenance expense and you
assume the SLR model. This file contains a random
sample of annual expense values in $s and
corresponding weekly usage values in hours. Last
lesson we conducted a model utility test and found
evidence of a linear relationship between the
variables.
a Make statements about the plausibility of the
random error term assumptions for this data.
b Find an appropriate interval estimate for the
annual maintenance expense amount for an
individual machine used hours per week.
c You decide to purchase the machine and you
expect to use it hours per week. If a
contract for fullmaintenance coverage costs
$ per year, would you recommend
purchasing it Explain
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