Question: 18. Construction Projects An analyst wanted to predict the time required to complete a construction project (y) using four variablessize of the contract 1 x

18. Construction Projects An analyst wanted to predict the time required to complete a construction project (y) using four variables—size of the contract 1 x (in $1000 units), number of workdays adversely affected by the weather 2 x , number of subcontractors involved in the project 4 x , and a variable 3 x that measured the presence ( 1) 3 x 5 or absence

( 0) 3 x 5 of a workers’ strike during the construction.

Fifteen construction projects were randomly chosen, and each of the four variables as well as the time to completion were measured.

y x X X3 XA 29 60 15 80 60 100 10

An analysis of these data using a first-order model in 1 x , 2 x , 3 x , and 4 x produced the following printout. Give a complete analysis of the printout and interpret your results. What can you say about the apparent contribution of 1 x and 2 x in predicting y?

50 70 200 70842 10 100 14 0 12 1 15 50

4 0 75 500 15 1 30 75 5 0 45 750

10 0 90 1200 20 1 12 7 70 5 0 21

y x X X3 XA 29 60 15 80 60 100 10 50 70 200 70842 10 100 14 0 12 1 15 50 4 0 75 500 15 1 30 75 5 0 45 750 10 0 90 1200 20 1 12 7 70 5 0 21 80 3 0 28 300 8 0 50 2600 14 1 7805-326023683 10 11 12 10 13 30 110 7 0 4

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