Q.2: A food manufacturing industry wants to determine the empirical relationship between its revenue and spending on raw material. For this purpose, the research department has taken the data for 8 months against revenue and spending on raw material. Take revenue as dependent variable and spending on raw material as an independent variable. Jan 8. Month Feb Mar Apr 12 May 11 June 10 July 12 Aug 13 Revenue (In thousand Rs) 10 Spending on raw material (In thousand Rs) 10 12 13 11 12 10 12 11 自

Q.2: A food manufacturing industry wants to determine the empirical relationship between its revenue and spending on raw material. For this purpose, the research department has taken the data for 8 months against revenue and spending on raw material. Take revenue as dependent variable and spending on raw material as an independent variable. Jan 8. Month Feb Mar Apr 12 May 11 June 10 July 12 Aug 13 Revenue (In thousand Rs) 10 Spending on raw material (In thousand Rs) 10 12 13 11 12 10 12 11 自

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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Fiske Corporation manufactures a popular regional brand of kitchen utensils. The design and variety has been fairly constant over the last three years. The managers at Fiske are planning for some changes in the product line next year, but first they want to understand better the relation between activity and factory costs as experienced with the current products. Discussions with the plant supervisor suggest that overhead seems to vary with labor-hours, machine-hours, or both. The following data were collected from last three year's operations: Quarter Machine-Hours 18,850 4 5 6 7 8 9 10 11 12 18,590 17,480 19,240 21,280 19,630 19,240 18,850 18,460 20,670 17,550 18,460 Labor-Hours 15,605 15,484 16,727 15,990 17,508 17,376 15,297 14,373 16,001 17,002 14,285 17,651 Factory costs $ 3,395,671 3,425,836 3,617,844 3,573,940 3,812,984 3,778,012 3,532,426 3,369,802 3,513, 187 3,731,434 3,325,615 3,724,486 Required: Prepare a scatter graph based on the factory cost and labor-hour data. Note: 1.…
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I need help with this question 1. Are the main effects significant? Explain
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