a) The scatterplot is obtained and attached below. The correct answer is option (d)
b) Using the least squares method, the regression coefficients b0 and b1 are obtained as b0 = -3.134 and
b1 =0.044 (Rounded to three decimal places)
So, the least squares regression equation is y_hat = -3.134 + 0.044 x; where y_hat = predicted value of the labor hours and x = given cubic foot moved.
c) The correct answer is option (b) -- for each increase of one cubic foot moved, the number of labor hours is expected to increase by b1 hours. This is the correct interpretation of the slope b1.
d) The mean labor hours for moving 400 cubic feet is obtained by putting x = 400 in the obtained linear regression equation in part (b), it is obtained to be -3.134+(0.044*400) = 14.47 (rounded to 2 decimal places)
e) The correct answer is option (a) -- as expected, the labor hours are affected by the amount to be moved. As the amount to be moved increases, the labor hours increase. This can be justified from the obtained scatterplot which shows a moderately strong positive linear relationship between the two variables.
(The answers and graph are obtained using R-software. Code and output are attached below for verification).
The owner of a TIoving company typically has his riost experienced manager predict the total number...
The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. In a effort to provide a more accurate method, the owner has decided to use the number of cubic feet moved as the independent variable and has collected data for 20 moves in which the travel time was an insignificant portion of the hours worked. Use the data provided to complete parts...
13.50 The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. This approach has proved useful in the past, but the owner has the business ob-jective of developing a more accurate method of predicting labor hours. In a preliminary effort to provide a more accurate method, the owner has decided to use the number of cubic feet moved and the number of...
The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. This approach has proved useful in the past, but the owner has the business objective of developing a more accurate method of predicting labor hours. In a preliminary effort to provide a more accurate method, the owner has decided to use the number of cubic feet moved as the independent variable and...
The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. This approach has proved useful in the past, but the owner has the business objective of developing a more accurate method of predicting labor hours. In a preliminary effort to provide a more accurate method, the owner has decided to use the number of cubic feet moved and the number of pieces...
Cubic_Feet_Moved Labor_Hours 552 22.50 567 24.25 565 21.25 518 20.00 647 25.75 256 11.00 667 31.25 555 25.00 329 14.00 686 31.50 539 25.50 810 38.00 355 12.00 465 22.75 624 29.00 400 16.25 720 31.75 680 29.50 719 29.50 714 33.75 The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. In an effort to provide a more accurate method, the...
Cubic_Feet_Moved Labor_Hours 552 22.50 567 24.25 565 21.25 518 20.00 647 25.75 256 11.00 667 31.25 555 25.00 329 14.00 686 31.50 539 25.50 810 38.00 355 12.00 465 22.75 624 29.00 400 16.25 720 31.75 680 29.50 719 29.50 714 33.75 The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. In an effort to provide a more accurate method, the...
The owner of a moving company usually has her most experienced manager predict the total number of labor hours required to complete a move. While useful, the owner is interested in a more accurate method of predicting the number of labor hours required. As a preliminary effort, data was collected on the number of work hours required to complete a move, number of cubic feet moved, the number of large pieces, and if an elevator was present. How much correlation...
The owner of a moving company wants to predict labor hours, based on the number of cubic feet moved. A total of 34 observations were made. An analysis of variance of these data showed that b1=0.0426 and Upper Sb1=0.0065. a. At the 0.05 level of significance, is there evidence of a linear relationship between the number of cubic feet moved and labor hours? b. Construct a 95% confidence interval estimate of the population slope β1. a. Determine the hypotheses for...
Cubic Feet Moved 491 453 407 342 589 599 Labor Hours 30.00 27.75 23.25 22.00 29.50 35.75 28.00 20.25 28.50 28.25 42.75 37.00 34.00 42.00 27.25 45.75 29.00 45.00 337 571 547 810 659 781 471 774 477 805 279 701 15.25 40.75 5 The owner of a moving company has collected data to predict how many labor hours a move will take based on the number of cubic feet moved. The data below has been collected from 20 moves....
PLEASE SHOW ALL EXCEL FORMULAS USED FOR EACH CALCULATIONS. A STEP BY STEP WALKTHROUGH OF HOW TO DO THE PROBLEM. Thank you so much for your help! Hours Feet Elevator Elevator code 24.00 545 Yes 1 13.50 400 Yes 1 26.25 562 No 0 25.00 540 No 0 9.00 220 Yes 1 20.00 344 Yes 1 22.00 569 Yes 1 11.25 340 Yes 1 50.00 900 Yes 1 12.00 285 Yes 1 38.75 865 Yes 1 40.00 831 Yes 1...