Zerox-Copiers, Inc., sells and services the Accu-500 copying machine. As part of its standard service contract, the company agrees to perform routine service on this copier. To obtain information about the time it takes to perform routine service, Zerox Copiers has collected data for 11 service calls. The data and Excel output from fitting a least squares regression line to the data are given on the Table above. a. Find the least squares point estimates bo and b1 on the computer output and report their values. Interpret bo and b1. Does the interpretation of bo make practical sense? b. Use the least squares line to compute a point estimate of the mean time to service four copiers and a point prediction of the time to service four copiers on a single call. c. Make a complete analysis and conclusion.
Zerox-Copiers, Inc., sells and services the Accu-500 copying machine. As part of its standard service contract, the company agrees to perform routine service on this copier. To obtain information about the time it takes to perform routine service, Zerox Copiers has collected data for 11 service calls. The data and Excel output from fitting a least squares regression line to the data are given on the Table above. a. Find the least squares point estimates bo and b1 on the computer output and report their values. Interpret bo and b1. Does the interpretation of bo make practical sense? b. Use the least squares line to compute a point estimate of the mean time to service four copiers and a point prediction of the time to service four copiers on a single call. c. Make a complete analysis and conclusion.
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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Transcribed Image Text:2. Zerox SERVICE TIME
The Service Time Data and the Least Squares Line
Service
Call
Number of Copiers
Serviced, x
Number of Minutes
Required, y
Copiers Line Fit Plot
200
1
109
2
2
58
150
3
5
138
4
7
189
100
5
1
37
3
82
50 +
103
Minutes = 11.4641 + 24.6022°Copiers
7
4
5
134
2
68
Copiers
10
4
112
11
154
Zerox-Copiers, Inc., sells and services the Accu-500 copying machine. As part of its standard service
contract, the company agrees to perform routine service on this copier. To obtain information about the
time it takes to perform routine service, Zerox Copiers has collected data for 11 service calls. The data
and Excel output from fitting a least squares regression line to the data are given on the Table above.
a. Find the least squares point estimates b0 and b1 on the computer output and report their
values. Interpret b0 and b1. Does the interpretation of b0 make practical sense?
b. Use the least squares line to compute a point estimate of the mean time to service four copiers
and a point prediction of the time to service four copiers on a single call.
c. Make a complete analysis and conclusion.
Minutes
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