Homework Help is Here – Start Your Trial Now!
Math
Statistics
Sky Eyes manufactures drones for security and enforcement organizations. They would like predict pre regression model. The regression model is based on historic production values. The regression statistics from Excel are provided below. Intercept Machine Hours Labor Hours Production Output Coefficients -477.7647341 44.97381045 -0.08890915 55.06503861 Standard Error 62.63384 5.9814 t Stat -7.627901659 5.957718 7.518943592 0.083252 -1.067948403 9.242639029 P-value 1.20603E-09 1.74367E-09 0.291239564 5.77595E-12 What can be concluded based on the output of the regression statistics? (Select all that apply.) The regression equation is y- 44.97 x (machine hours) - 0.0889 x (labor hours) + 55.065 x (production output). Labor hours is significant variable in the regression model. Machine hours is a significant variable in the regression model. The regression equation is y=-477.76+44.97 x (machine hours) - 0.0889x (labor hours) + 55.065x (production output).

Sky Eyes manufactures drones for security and enforcement organizations. They would like predict pre regression model. The regression model is based on historic production values. The regression statistics from Excel are provided below. Intercept Machine Hours Labor Hours Production Output Coefficients -477.7647341 44.97381045 -0.08890915 55.06503861 Standard Error 62.63384 5.9814 t Stat -7.627901659 5.957718 7.518943592 0.083252 -1.067948403 9.242639029 P-value 1.20603E-09 1.74367E-09 0.291239564 5.77595E-12 What can be concluded based on the output of the regression statistics? (Select all that apply.) The regression equation is y- 44.97 x (machine hours) - 0.0889 x (labor hours) + 55.065 x (production output). Labor hours is significant variable in the regression model. Machine hours is a significant variable in the regression model. The regression equation is y=-477.76+44.97 x (machine hours) - 0.0889x (labor hours) + 55.065x (production output).

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
See similar textbooks
icon
Related questions
Question
Sky Eyes manufactures drones for security and enforcement organizations. They would like to predict production cost using a regression model. The regression model is based on historic production values. The regression statistics from Excel are provided below. Intercept Machine Hours Labor Hours Production Output Coefficients -477.7647341 44.97381045 -0.08890915 55.06503861 Standard Error 62.63384 -7.627901659 7.518943592 0.083252 -1.067948403 5.957718 9.242639029 t Stat 5.9814 P-value 1.20603E-09 1.74367E-09 0.291239564 5.77595E-12 What can be concluded based on the output of the regression statistics? (Select all that apply.) The regression equation is y 44.97 x (machine hours) - 0.0889 x (labor hours) + 55.065 x (production output). Labor hours is significant variable in the regression model. Machine hours is a significant variable in the regression model. The regression equation is y=-477.76+44.97 x (machine hours) - 0.0889x (labor hours) + 55.065x (production output).
Transcribed Image Text:Sky Eyes manufactures drones for security and enforcement organizations. They would like to predict production cost using a regression model. The regression model is based on historic production values. The regression statistics from Excel are provided below. Intercept Machine Hours Labor Hours Production Output Coefficients -477.7647341 44.97381045 -0.08890915 55.06503861 Standard Error 62.63384 -7.627901659 7.518943592 0.083252 -1.067948403 5.957718 9.242639029 t Stat 5.9814 P-value 1.20603E-09 1.74367E-09 0.291239564 5.77595E-12 What can be concluded based on the output of the regression statistics? (Select all that apply.) The regression equation is y 44.97 x (machine hours) - 0.0889 x (labor hours) + 55.065 x (production output). Labor hours is significant variable in the regression model. Machine hours is a significant variable in the regression model. The regression equation is y=-477.76+44.97 x (machine hours) - 0.0889x (labor hours) + 55.065x (production output).
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 4 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS