Mathematics, 03.07.2021 17:00 jeancarlo1107

Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month Machine Hours Electricity Costs
January 2,300 $ 19,100
February 2,700 $ 22,400
March 1,700 $ 14,200
April 2,900 $ 24,400
May 3,600 $ 28,950
June 3,100 $ 23,400
July 3,900 $ 25,450
August 3,300 $ 23,450
September 1,800 $ 16,900
October 3,500 $ 27,400
November 4,500 $ 32,400
December 4,000 $ 28,450

Summary Output
Regression Statistics
Multiple R 0.957
R Square 0.917
Adjusted R2 0.908
Standard Error 1,586.26
Observations 12.00

Coefficients Standard Error t Stat P-value Lower 95% Upper 95%
Intercept 5,970.52 1,766.77 3.38 0.01 2,033.90 9,907.13
Machine Hours 5.76 0.55 10.49 0.00 4.54 6.98

The percent of the total variance that can be explained by the regression is:

Thane Company is interested in establishing the relationship between electricity costs and machine

Answers: 1

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 16:30

Adam plans to choose a video game from the section of the store where everything is 75% off. he writes the expression d-0.75d to find the sale price of the game if the original price is d dollars. gena correctly writes another expression, 0.25d, that will also find the sale price of the game if the original price is d dollars. use the drop down menus to explain each part of adams and rena's expression

Answers: 3

Answer

Mathematics, 21.06.2019 19:30

Cor d? ? me ? max recorded the heights of 500 male humans. he found that the heights were normally distributed around a mean of 177 centimeters. which statements about max’s data must be true? a) the median of max’s data is 250 b) more than half of the data points max recorded were 177 centimeters. c) a data point chosen at random is as likely to be above the mean as it is to be below the mean. d) every height within three standard deviations of the mean is equally likely to be chosen if a data point is selected at random.

Answers: 1

Answer

Mathematics, 21.06.2019 20:30

Merrida uses a pattern in the multiplication table below to find ratios that are equivalent to 7: 9. if merrida multiplies the first term, 7, by a factor of 6, what should she do to find the other term for the equivalent ratio? multiply 9 by 1. multiply 9 by 6. multiply 9 by 7. multiply 9 by 9.

Answers: 1

Answer

Mathematics, 21.06.2019 22:00

You're locked out of your house. the only open window is on the second floor, 25 feet above the ground. there are bushes along the edge of the house, so you will need to place the ladder 10 feet from the house. what length ladder do you need to reach the window?

Answers: 3

Answer

You know the right answer?

Thane Company is interested in establishing the relationship between electricity costs and machine h...

Questions