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

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 weekly usage
should predict maintenance expense and you
assume the SLR model. This file contains a random
sample of annual expense values (in $100s) 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 25 hours per week.
c) You decide to purchase the machine and you
expect to use it 25 hours per week. If a
contract for full-maintenance coverage costs
$2500 per year, would you recommend
purchasing it? Explain

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