Question

24. United Widget Manufacturing has a problem with defective widgets. Employees make hundreds of thousands of them each day,
(c) Predict the number of defects for an employee who has 6 days of training. Answer: (d) Compute the coefficient of determin
A co-worker has suggested that an alternative explanation for the number of defects might be the variation in the number of y
You obtain the following Excel regression output: SUMMARY OUTPUT Regression Statistics Multiple R 0.946 R Square 0.896 ho Adj
Booking.com AliExpress f Facebook Quizzes - MKTG-13... R Square 0.896 Adjusted R Square 0.869 Standard Error 2.132 Observatio
(f) Construct a 95% confidence interval estimate for the population slope. Lower Limit Answer: Upper Limit (8) Test at the 5%
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Answer #1

Question 24:

(a) y = 31.8 - 3.7*x

(b) For every day of training, defects per week will decrease by 3.7.

(c) y = 31.8 - 3.7*6 = 9.6

(d) r2 = 0.786782

78.6782% of the variation in the model is explained.

Period Demand (y) Period(x) Forecast Error Absolute Squared Abs Pct Err
Period 1 19 4 17 2 2 4 10.53%
Period 2 17 5 13.3 3.7 3.7 13.69 21.76%
Period 3 7 6 9.6 -2.6 2.6 6.76 37.14%
Period 4 14 4 17 -3 3 9 21.43%
Period 5 22 3 20.7 1.3 1.3 1.69 05.91%
Period 6 23 2 24.4 -1.4 1.4 1.96 06.09%
Total 3.55E-15 14 37.1 102.86%
Intercept 31.8 Average 5.92E-16 2.333333 6.183333 17.14%
Slope -3.7 Bias MAD MSE MAPE
SE 3.045488
Forecast 9.6 6
Correlation -0.88701
Coefficient of determination 0.786782
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