SECTION ONE: ANALYTICAL QUESTIONS (689) Answer all questions and per your answer in the space provided and calculations, label your diagrams clearly, and give brief am 1. To estimate the relationship between the scrap rate and othe regression model is used: log (scrap.) = B. + Bahrsemp + B2 log(sales where scrap is the number of defective items that must be s is annual hours of training per employee, sales is annual fire of firm employees. Using nonunionized manufacturing obtained: log (scrap = 12.458 -0.042hrsemp-0.9621 (se) (5.687) (0.023) R = 29. R2 = 0.262. SSE - 1.376. Cov (a) Interpret . (3%) (0.453) b) Calculate the 99% confidence interval for B.. (5%) rite the regression model without life SECTION ONE ANALYTICAL QUESTIONS ON Ware appropriate store stepo in proof waarbread precise explanation Te contaminate the relaterte berean de scrap pale and other form characteristies, the following linear lok teeran) = A + Aremn + , tog sales) + As logemploy) + where were the mumber of defective items that must be scrapped out of every 100 produced, hrsemp is animal hours of training per employee, water is al em sales in dollars, and employ is the number of finemployees Using nonnioire manufacturing data, the following estimation results are obtained love (Seran) - 12.458 -0.042hrsemp - 0962 legirales:) + 0.76110g (employd. -.-29,0* -0.262. SSE - 1.376. Cov(ps.) - -0.146 (a) Interpret 390 Calculate the 99% confidence interval for B. (590) te the regression model without B, if B+B=0? (Hint: Recall that log(xx/x 3) = log(x3)-log(x3).] 2