If the number of miles for a delivery is 5 & the number of minutes is 30, what is the estimated overhead cost associated with that delivery rounded to two decimals? 1 SUMMARY OUTPUT234 Multiple R5 RSquare6 Adjusted R Square7 Standard Error8 Observations.Regression Statistics910 ANOVA1112 Regression13 Residual14 Total151617 Intercept18 Miles per Delivery19 Time per Delivery202122730.896213180.8031980640.7998904694.48707494dfCoefficients122211912114.453869760.4619362151.892175348SS9778.3796542395.92714112174.30679Standard Error2.5336218430.0963106230.116541392MS4889.18982720.13384152t Stat5.704825214.79631633916.23607987F242.8344249P-value8.66617E-084.72724E-065.80189E-32Significance F9.87978E-43Lower 95%9.4370454660.2712315621.661411752Upper 95%19.470694060.6526408672.122938943Lower 95.0%9.4370454660.2712315621.661411752Upper 95.0%19.470694060.6526408672.122938943 ASUMMARY OUTPUTMultiple R5 RSquare6 Adjusted R Square7 Standard Error8 Observations910 ANOVA1112 Regression13 Residual14 Total151617 Intercept18 Miles per Delivery19 Time per Delivery20 Weight per Delivery21222324252627JxRegression StatisticsB0.8967939630.8042394120.7992624484.494110514dfCoefficients122311812115.674448770.4547999271.880460816-0.002260295CSS9791.0573352383.24945912174.30679Standard Error2.9686414780.0968812620.1176568960.002852916DMS3263.68577820.19702932t Stat5.2800073324.69440545815.98258056-0.792275398EF161.5923672P-value5.96789E-077.27182E-062.66501E-310.429790028Significance F1.2764E-41Lower 95%9.7957304330.2629486511.64746813-0.007909847GUpper 95%21.553167110.6466512022.1134535010.003389256HLower 95.0%9.7957304330.2629486511.64746813-0.007909847Upper 95.0%21.553167110.6466512022.1134535010.003389256J

Number of miles for a delivery = 5 The number of minutes = 30The regression summary output for 2…

Answered: If the number of miles for a delivery…

If the number of miles for a delivery is 5 & the number of minutes is 30, what is the estimated overhead cost associated with that delivery rounded to two decimals?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

If the number of miles for a delivery is 5 & the number of minutes is 30, what is the estimated overhead cost associated with that delivery rounded to two decimals?

1 SUMMARY OUTPUT
2
3
4 Multiple R
5 RSquare
6 Adjusted R Square
7 Standard Error
8 Observations.
Regression Statistics
9
10 ANOVA
11
12 Regression
13 Residual
14 Total
15
16
17 Intercept
18 Miles per Delivery
19 Time per Delivery
20
21
22
73
0.89621318
0.803198064
0.799890469
4.48707494
df
Coefficients
122
2
119
121
14.45386976
0.461936215
1.892175348
SS
9778.379654
2395.927141
12174.30679
Standard Error
2.533621843
0.096310623
0.116541392
MS
4889.189827
20.13384152
t Stat
5.70482521
4.796316339
16.23607987
F
242.8344249
P-value
8.66617E-08
4.72724E-06
5.80189E-32
Significance F
9.87978E-43
Lower 95%
9.437045466
0.271231562
1.661411752
Upper 95%
19.47069406
0.652640867
2.122938943
Lower 95.0%
9.437045466
0.271231562
1.661411752
Upper 95.0%
19.47069406
0.652640867
2.122938943

A
SUMMARY OUTPUT
Multiple R
5 RSquare
6 Adjusted R Square
7 Standard Error
8 Observations
9
10 ANOVA
11
12 Regression
13 Residual
14 Total
15
16
17 Intercept
18 Miles per Delivery
19 Time per Delivery
20 Weight per Delivery
21
22
23
24
25
26
27
Jx
Regression Statistics
B
0.896793963
0.804239412
0.799262448
4.494110514
df
Coefficients
122
3
118
121
15.67444877
0.454799927
1.880460816
-0.002260295
C
SS
9791.057335
2383.249459
12174.30679
Standard Error
2.968641478
0.096881262
0.117656896
0.002852916
D
MS
3263.685778
20.19702932
t Stat
5.280007332
4.694405458
15.98258056
-0.792275398
E
F
161.5923672
P-value
5.96789E-07
7.27182E-06
2.66501E-31
0.429790028
Significance F
1.2764E-41
Lower 95%
9.795730433
0.262948651
1.64746813
-0.007909847
G
Upper 95%
21.55316711
0.646651202
2.113453501
0.003389256
H
Lower 95.0%
9.795730433
0.262948651
1.64746813
-0.007909847
Upper 95.0%
21.55316711
0.646651202
2.113453501
0.003389256
J

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