1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreyy89
3 years ago
15

Method of Least Squares, Evaluation of Cost Equation Lassiter Company used the method of least squares to develop a cost equatio

n to predict the cost of moving materials. There were 80 data points for the regression, and the following computer output was generated:
Intercept $17,350
Slope 12.00
Coefficient of correlation 0.92
Standard error $220
The activity driver used was the number of moves.
Required:
1. What is the cost formula?
2. Using the cost formula, predictthe costofmovingmaterialsif340movesaremade.Nowpreparea95 percent con?dence interval forth is prediction.(Round to the nearest dollar.)
3. What percentage of the variability in moving cost is explained by the number of moves? Do you think the equation will predict well? Why or why not?
Mathematics
1 answer:
maksim [4K]3 years ago
3 0

Solution :

1). The cost of the formula is given as :

   $ 19,350 + $12 x

2). 95% \text{confidence interval} for the prediction is :

    $21430 - 1.96 \times 220 < \text{Yf} < 21430+1.96 \times 220$

     $20998.8 < \text{Yf} < 21861.2$

     $20999 < \text{Yf} < 21861$    (rounding off)

3). r = 0.92

Therefore, $r^2 = 0.8464$

That is 84.64 % of the variability in the moving cost is best explained by the number of moves.

You might be interested in
PQR is a right angled triangle calculate the size of angle marked x
romanna [79]

Answer:

\displaystyle x \approx 37.4^\circ

General Formulas and Concepts:

<u>Pre-Algebra</u>

Order of Operations: BPEMDAS

  1. Brackets
  2. Parenthesis
  3. Exponents
  4. Multiplication
  5. Division
  6. Addition
  7. Subtraction
  • Left to Right<u> </u>

Equality Properties

  • Multiplication Property of Equality
  • Division Property of Equality
  • Addition Property of Equality
  • Subtraction Property of Equality<u> </u>

<u>Trigonometry</u>

  • [Right Triangles Only] SOHCAHTOA
  • [Right Triangles Only] cosθ = adjacent over hypotenuse<u> </u>

Step-by-step explanation:

<u>Step 1: Define</u>

Angle θ = <em>x</em>

Adjacent Leg = 5.8

Hypotenuse = 7.3

<u>Step 2: Solve for </u><em><u>x</u></em>

  1. Substitute in variables [Cosine]:                                                                    \displaystyle cosx^\circ = \frac{5.8}{7.3}
  2. [Fraction] Divide:                                                                                             \displaystyle cosx^\circ = 0.794521
  3. [Equality Property] Trig inverse:                                                                    \displaystyle x^\circ = cos^{-1}(0.794521)
  4. Evaluate trig inverse:                                                                                      \displaystyle x = 37.39^\circ
  5. Round:                                                                                                             \displaystyle x \approx 37.4^\circ
8 0
2 years ago
Please help been stuck on this for 40 minutes
choli [55]

we have given y interms of x.

we have given that add 2 to x.

which means y=x+2

so we have x=2 ,y=x+2=2+2=4.

so when x=2 ,y=4.

x=4,y=x+4=4+2=6..

y=x+2,y=6+2=8.

3 0
3 years ago
Read 2 more answers
PLEASE ANSWER ASAP FOR BRAINLEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Strike441 [17]

I hope this is right

220.5 cubic feet

3 0
3 years ago
Need help ASAP! Directions in picture ;)
Nat2105 [25]

Answer:

m < 8 = 54.4°

Step-by-step explanation:

4 0
2 years ago
Read 2 more answers
Helppppp please. I am stumped..
vichka [17]

Answer:

D

Step-by-step explanation:

w = width

length = w + 0.6

A = l · w

A = w (w + 0.6)

A = w² +.6w

3 0
3 years ago
Read 2 more answers
Other questions:
  • a person bought 8 items at a market and received $8 in change. if each item was priced at $4, how much did the person give the v
    12·1 answer
  • What is 13 to the power of 200
    9·2 answers
  • 1. If = 1, = −2 = −1 then find the value of the following
    9·1 answer
  • What does –x2 – 6x – 8 look like on a graph<br> The 2 is a power
    14·2 answers
  • What is 16x4 – 100y4 factored completely
    5·2 answers
  • Find a number if: 3/7 of it is 2 1/4
    8·2 answers
  • HEL----PPPPpppppppppppppppppppppppppppppp
    9·2 answers
  • Have to find x,y and z.
    15·1 answer
  • Macy's is having an unbelievable sale this holiday season! All shirts are 205 off and all jeans are 25% off. How much would jean
    15·1 answer
  • Solve for x. Round your answer to the nearest tenth.<br> 12<br> 14
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!