(d) Explain the meaning of F (e) Estimate Indirect Manufacturing Labor Costs(Y) function by using "High Low Method"
(d) Explain the meaning of F (e) Estimate Indirect Manufacturing Labor Costs(Y) function by using "High Low Method"
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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i just want answers of (d) and (e)

Transcribed Image Text:Q1. We use the data for Space Mars of cost driver and Indirect Manufacturing
Labor Costs.
(Data)
Indirect Manufacturing Labor Costs(Y)
1,200
cost driver: Machine Hours(X)
68
1.
1,400
2.
67(lowest)
90(highest)
1,180
1,650
8.
(Results)
SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R
Śquare
0.965504
0.932198
0.920897
Standard
Error
4.097673
Observations
8.
ANOVA
SS
MS
Significance F
Regression
1385.129
1385.129
82.49274
1.
1E-04
Residual
100.7456
16.79093
9.
Total
1485.875
Standard
Error
Coefficients
t Stat
P-value
-62.0077
14.4556
Intercept
X Variable
-4.28953
0.005152
0.105775
0.011646
9.082551
1E-04
(a) What is the estimated indirect labor cost based on the regression line when
X-75?
(b) Evaluate the goodness of fitness of this regression line.
(c) Describe the meaning of R2
(d) Explain the meaning of F
(e) Estimate Indirect Manufacturing Labor Costs(Y) function by using "High Low
Method"
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