The Cherry Manufacturing Company's chief engineer examines a random sample of 10 spot welds of steel. In

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The Cherry Manufacturing Company's chief engineer examines a random sample of 10 spot welds of steel. In each case, the shear strength of the weld and the diameter of the weld are determined, the results being as follows:
The Cherry Manufacturing Company's chief engineer examines a random sample

a. Does the relationship between these two variables seem to be direct or inverse? Does this accord with common sense? Why or why not? Does the relationship seem to be linear?
b. Calculate the least- squares regression of shear strength on weld diameter.
c. Plot the regression line. Use this regression line to predict the average shear strength of a weld 1/5 inch in diameter. Use the regression line to predict the average shear strength of a weld 1/4 inch in diameter.

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Managerial Economics Theory Applications and Cases

ISBN: 978-0393912777

8th edition

Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield

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