EP BASIC BUS.STATS-ACCESS (18 WEEKS)
EP BASIC BUS.STATS-ACCESS (18 WEEKS)
14th Edition
ISBN: 9780135989005
Author: BERENSON
Publisher: PEARSON CO
bartleby

Concept explainers

bartleby

Videos

Textbook Question
Book Icon
Chapter 17, Problem 4PS

The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. This approach has proved useful in the past, but the owner has the business objective of developing a more accurate method of predicting labour hours. In a preliminary effort to provide a more accurate method, the owner has decided to use the number of cubic feet moved, the number of large pieces of furniture, and whether there is an elevator in the apartment building as the independent variables and has collected data for 36 movers in which the origin and destination were within the borough of Manhattan in New York City and the travel time was an insignificant portion of the hours worked. The data are organized and stored in Moving.

a. Using all the data as the training sample, develop a regression tree model to predict the labor hours.

b. What conclusions can you reach about the labor hours?

Blurred answer
Students have asked these similar questions
Are there any unusually high or low pH levels in this sample of wells?
0 n AM RIES s of of 10 m Frequency 40 Frequency 20 20 30 10 You make two histograms from two different data sets (see the following figures), each one containing 200 observations. Which of the histograms has a smaller spread: the first or the second? 40 30 20 10 0 20 40 60 0 20 20 40 60 60 80 80 100 80 100
TIP the aren't, the data are not sym 11 Suppose that the average salary at a certain company is $100,000, and the median salary is $40,000. a. What do these figures tell you about the shape of the histogram of salaries at this company? b. Which measure of center is more appro- priate here? c. Suppose that the company goes through a salary negotiation. How can people on each side use these summary statistics to their advantage? 6360 be 52 PART 1 Getting Off to a Statistically Significant S
Knowledge Booster
Background pattern image
Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
  • Text book image
    College Algebra
    Algebra
    ISBN:9781938168383
    Author:Jay Abramson
    Publisher:OpenStax
Text book image
College Algebra
Algebra
ISBN:9781938168383
Author:Jay Abramson
Publisher:OpenStax
01 - What Is A Differential Equation in Calculus? Learn to Solve Ordinary Differential Equations.; Author: Math and Science;https://www.youtube.com/watch?v=K80YEHQpx9g;License: Standard YouTube License, CC-BY
Higher Order Differential Equation with constant coefficient (GATE) (Part 1) l GATE 2018; Author: GATE Lectures by Dishank;https://www.youtube.com/watch?v=ODxP7BbqAjA;License: Standard YouTube License, CC-BY
Solution of Differential Equations and Initial Value Problems; Author: Jefril Amboy;https://www.youtube.com/watch?v=Q68sk7XS-dc;License: Standard YouTube License, CC-BY