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 owner has decided to use the number of cubic feet moved as the independent variable and has collected data for 2020 moves in which the travel time was an insignificant portion of the hours worked. Use the data provided to complete parts (a) through (d) below.
a. construct a scatter plot
b. Assuming a linear relationship, use the least-squares method to determine the regression coefficients b0 and b1
c. Interpret the meaning of the slope, b1, in this problem. Choose the correct answer below.
A.For each increase of one cubic foot moved, the number of labor hours is expected to increase by b1 hours.
B.The approximate number of labor hours is when the number of cubic feet moved is 0 cubic feet is b1 hours.
C.The approximate number of cubic feet moved when the number of labor hours is 0 hours is b1.
D.For each increase of one labor hour, the number of cubic feet moved is expected to increase by b1.
d. Predict the mean labor hours for moving 300 cubic feet.
? hours (Round to two decimal places as needed.)
e. What should you tell the owner of the moving company about the relationship between cubic feet moved and labor hours?
A. As the amount to be moved increases, the labor hours decrease. As expected, the labor hours are affected by the amount to be moved.
B. As expected, the labor hours are affected by the amount to be moved. As the amount to be movedincreases, the labor hours increase.
C. As expected, the labor hours are not affected by the amount to be moved.
D. As the labor hours increase, the amount to be moved decreases. As expected, the amount to be moved is affected by the labor hours.
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...
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 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...
The owner of a TIoving company typically has his riost 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 owner has Use the data provided to complete parts (a) which the travel tirme was aı insignificant portion of the hours worker number of cubic feet moved as the independent variable and has collected data for 20 moves through (d) below EClick...
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...
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...
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...