hompson Photo Works purchased several new, highly sophisticated processing machines. The production department needed some guidance with respect to qualifications needed by an operator. Is age a factor? Is the length of service as an operator (in years) important? In order to explore further the factors needed to estimate performance on the new processing machines, four variables were listed:
x1 = Length of time an employee was in the industry
x2 = Mechanical aptitude test score
x3 = Prior on-the-job rating
x4 = Age
Performance on the new machine is designated y.
Thirty employees were selected at random. Data were collected for each, and their performances on the new machines were recorded. A few results are:
Performance on New Machine, | Length of Time in Industry, | Mechanical Aptitude Score, | Prior On-the-Job Performance, | Age, | ||||||
Name | y | x1 | x2 | x3 | x4 | |||||
Mike Miraglia | 113 | 13 | 340 | 116 | 50 | |||||
Sue Trythall | 119 | 10 | 386 | 117 | 26 | |||||
The equation is:
yˆy^ = 10.6 + 0.8x1 + 0.786x2 + 0.612x3 + 0.001x4
Multiple regression equation
Multiple standard error of estimate
Coefficient of determination
Regression coefficient
Coefficient of determination
Homoscedasticity
Multicollinearity
hompson Photo Works purchased several new, highly sophisticated processing machines. The production department needed some guidance...
Thompson Photo Works purchased several new, highly sophisticated processing machines. The production department needed some guidance with respect to qualifications needed by an operator. Is age a factor? Is the length of service as an operator (in years) important? In order to explore further the factors needed to estimate performance on the new processing machines, four variables were listed: x = Length of time an employee was in the industry x2 = Mechanical aptitude test score x3 = Prior on-the-job...
d. As age increases by one year, how much does estimated performance on the new machine increase? (Round the final answer to 3 decimal places.) Estimated performance = ? Thompson Photo Works purchased several new, highly sophisticated machines. The production department needed some guidance with respect to qualifications needed by an operator. Is age a factor? Is the length of service as a machine operator important? To further explore the factors needed to estimate performance on the new machines, four...
page 423 and 424, #2 a) How many dependent variables? b) How many independent variables? c) What is the number 0.286 called? d) As age increases by one year, how much does estimated performance on the new machine increase? e) Carl applied for a job. He has been in the business for 6 years and scored 280 on the mechanical aptitute test. Carl's prior performance rating is 97 and he is 35 years old. Estimate Carl's performance on the new...