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Creating the app, they collected sample data and developed the following regression equation: where ₁ = number of developers b₂ a. What is the value of b2 in the equation? = 2= number of hours spent creating the app 23= cost of software and testing ($'000) y = total cost of creating app ($'000) y = -8.825+20.4861 +0.56x2 +1.02x3 O Yes 8 b. Does it make sense to interpret by in this equation? O No c. Predict the cost of creating an app involving 3 developers, 650 hours and $18,000 in software and testing costs.

Creating the app, they collected sample data and developed the following regression equation: where ₁ = number of developers b₂ a. What is the value of b2 in the equation? = 2= number of hours spent creating the app 23= cost of software and testing ($'000) y = total cost of creating app ($'000) y = -8.825+20.4861 +0.56x2 +1.02x3 O Yes 8 b. Does it make sense to interpret by in this equation? O No c. Predict the cost of creating an app involving 3 developers, 650 hours and $18,000 in software and testing costs.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A startup team is interested in creating a productivity app. In estimating the cost of creating the app, they collected sample data and developed the following regression equation: where 1 = number of developers b₂ a. What is the value of b2 in the equation? 2= number of hours spent creating the app Is cost of software and testing ($'000) y = total cost of creating app ($'000) b. Does it make sense to interpret by in this equation? OYes y = -8.825+20.4861 +0.56x2 + 1.02x3 O No $ c. Predict the cost of creating an app involving 3 developers, 650 hours and $18,000 in software and testing costs. Accessibility Investigate 8
Transcribed Image Text:A startup team is interested in creating a productivity app. In estimating the cost of creating the app, they collected sample data and developed the following regression equation: where 1 = number of developers b₂ a. What is the value of b2 in the equation? 2= number of hours spent creating the app Is cost of software and testing ($'000) y = total cost of creating app ($'000) b. Does it make sense to interpret by in this equation? OYes y = -8.825+20.4861 +0.56x2 + 1.02x3 O No $ c. Predict the cost of creating an app involving 3 developers, 650 hours and $18,000 in software and testing costs. Accessibility Investigate 8
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