Q1. We use the data for Space Mars of cost driver and Indirect ManufacturingLabor Costs.(Data)weekcost driver: Machine Hours(X)Indirect Manufacturing Labor Costs(Y)68701,2001,400167(lowest)90(highest)71,18081,650(Results)SUMMARY OUTPUTRegression StatisticsMultiple RR SquareAdjusted RSquareStandardError0.9655040.9321980.9208974.097673Observations8ANOVASignificance F1E-04dfSMSFRegression11385.1291385.12982.49274Residual6100.745616.79093Total71485.875StandardErrorCoefficientst StatP-valueInterceptX Variable-62.007714.4556-4.289530.0051520.1057750.0116469.0825511E-04(a) What is the estimated indirect labor cost based on the regression line whenX=75?(b) Evaluate the goodness of fitness of this regression line.(c) Describe the meaning of R(d) Explain the meaning of F(e) Estimate Indirect Manufacturing Labor Costs(Y) function by using "High LowMethod"2.

Note: " Since you have asked multiple sub-parts, we will solve the first three sub-parts for you. If…

QI. We use the data for Space Mars of cost driver and Indirect_Manufacturing Labor Costs. (Data) cost driver: Machine Hours(X) Indirect Manufacturing Labor Costs(Y) 1,200 week 1 68 70 1,400 67(lowest) 90(highest) 7 1,180 8 1,650 (Results) SUMMARY OUTPUT

QI. We use the data for Space Mars of cost driver and Indirect_Manufacturing Labor Costs. (Data) cost driver: Machine Hours(X) Indirect Manufacturing Labor Costs(Y) 1,200 week 1 68 70 1,400 67(lowest) 90(highest) 7 1,180 8 1,650 (Results) SUMMARY OUTPUT

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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Question

Q1. We use the data for Space Mars of cost driver and Indirect Manufacturing
Labor Costs.
(Data)
week
cost driver: Machine Hours(X)
Indirect Manufacturing Labor Costs(Y)
68
70
1,200
1,400
1
67(lowest)
90(highest)
7
1,180
8
1,650
(Results)
SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R
Square
Standard
Error
0.965504
0.932198
0.920897
4.097673
Observations
8
ANOVA
Significance F
1E-04
df
S
MS
F
Regression
1
1385.129
1385.129
82.49274
Residual
6
100.7456
16.79093
Total
7
1485.875
Standard
Error
Coefficients
t Stat
P-value
Intercept
X Variable
-62.0077
14.4556
-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 R
(d) Explain the meaning of F
(e) Estimate Indirect Manufacturing Labor Costs(Y) function by using "High Low
Method"
2.

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