An autopart is manufactured by a company once a month in lots that vary in size as demand fluctuates. The data below represent observations in lot size (v) and number of man-hours (x) for 10 recent production runs. In vector form the data are: 1 20 1 30 1 60 73 50 128 1 80 170 1 40 1 50 87 X = Y = 108 1 60 135 1 30 1 70 1 60 69 148 132 Compute e'e and ô? where e is the residual vector and o? is the variance of error terms.

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An autopart is manufactured by a company once a month in lots that vary in size as demand
fluctuates. The data below represent observations in lot size (v) and number of man-hours (x) for
10 recent production runs. In vector form the data are:
1 20
1 30
1 60
73
50
128
1
80
170
1 40
87
X =
1
Y =
108
50
1
60
135
1 30
1 70
1 60
69
148
132
Compute e'e and o? where e is the residual vector and o? is the variance of error terms.
||
Transcribed Image Text:An autopart is manufactured by a company once a month in lots that vary in size as demand fluctuates. The data below represent observations in lot size (v) and number of man-hours (x) for 10 recent production runs. In vector form the data are: 1 20 1 30 1 60 73 50 128 1 80 170 1 40 87 X = 1 Y = 108 50 1 60 135 1 30 1 70 1 60 69 148 132 Compute e'e and o? where e is the residual vector and o? is the variance of error terms. ||
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