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Problem Two: AC33 Interpret the meaning of the slope, intercept, r-squared and standard error of the estimate from the statistics below. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Month Sum Average Average cost per hour a (intercept) b (coefficient) Standard error of the estimate R-squared t-value for b Maintenance Cost $ 4,200 3,000 3,600 2,820 4,350 2,960 3,030 4,470 4,260 4,050 3,300 3,160 S43,200 $ 3,600 Machine Hours $ $ $ 480 320 400 300 500 310 320 520 490 470 350 340 4,800 400 9.00 684.65 7.2884 34.469 0.99724 60.105

Problem Two: AC33 Interpret the meaning of the slope, intercept, r-squared and standard error of the estimate from the statistics below. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Month Sum Average Average cost per hour a (intercept) b (coefficient) Standard error of the estimate R-squared t-value for b Maintenance Cost $ 4,200 3,000 3,600 2,820 4,350 2,960 3,030 4,470 4,260 4,050 3,300 3,160 S43,200 $ 3,600 Machine Hours $ $ $ 480 320 400 300 500 310 320 520 490 470 350 340 4,800 400 9.00 684.65 7.2884 34.469 0.99724 60.105

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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Problem Two: Interpret the meaning of the slope, intercept, r-squared and standard error of the estimate from the statistics below. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Month Sum Average Average cost per hour a (intercept) b (coefficient) Standard error of the estimate R-squared t-value for b Maintenance Cost $4,200 3,000 3,600 2,820 4,350 2,960 3,030 4,470 4,260 4,050 3,300 3,160 $43,200 $3,600 Machine Hours $ $ $ 480 320 400 300 500 310 320 520 490 470 350 340 4,800 400 9.00 684.65 7.2884 34.469 0.99724 60.105 150
Transcribed Image Text:Problem Two: Interpret the meaning of the slope, intercept, r-squared and standard error of the estimate from the statistics below. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Month Sum Average Average cost per hour a (intercept) b (coefficient) Standard error of the estimate R-squared t-value for b Maintenance Cost $4,200 3,000 3,600 2,820 4,350 2,960 3,030 4,470 4,260 4,050 3,300 3,160 $43,200 $3,600 Machine Hours $ $ $ 480 320 400 300 500 310 320 520 490 470 350 340 4,800 400 9.00 684.65 7.2884 34.469 0.99724 60.105 150
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