The OLS regression of Garment Embroidery total costs on the number of machine hours and the number of operator hours. The estimated coefficient on the machine hours is 10 with a p-value less than 0.01. The estimated coefficient on the operator hour is 30 with a p-value equal 0.40. What is the estimated cost for an order that requires 100 machine hours and 50 operator hours?
The OLS regression of Garment Embroidery total costs on the number of machine hours and the number of operator hours. The estimated coefficient on the machine hours is 10 with a p-value less than 0.01. The estimated coefficient on the operator hour is 30 with a p-value equal 0.40. What is the estimated cost for an order that requires 100 machine hours and 50 operator hours?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 5PPS
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