Last year, TimeWise conducted a study that aimed at predicting the waiting time (in minutes) at thecheckout line of the Ranch 99 Supermarket in South Jakarta based on the number of customers in oneparticular month. Using the simple regression method on a dataset with a sample size of 30, theregression output tables are given below:SUMMARY OUTPUTRegression StatisticsMultiple R0.88728417R Square0.7872732Adjusted R Square 0.77967582Standard Error0.59521532Observations30ANOVAMSSignificance FRegression36.712124136.7121241 103.62422716.48782E-11Residual289.919875920.35428128Total2946.632StandardCoefficientsErrort StatP-valueLower 95%Upper 95%Intercept-0.44797910.2782914-1.60974840.118670876 -1.018033233 0.12207495Customers0.128471880.0126205310.1795986 6.48782E-11 0.102619905 0.15432385a. Determine the simple regression model to predict the waiting timeb. Interpret the meaning of the regression coefficient of the independent variablec. What is the coefficient of determination? Interpret its meaning.d. Do you think this regression model is useful in predicting the waiting time at the Farmers'Market?e. On a particular day with 37 customers coming into the supermarket, what is the estimatedaverage waiting time in the check-out line?

It is given that Y-intercept = -0.4479791 Coefficient of customers = 0.12847188 Note : According to…

Answered: Determine the simple regression model…

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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consider the partially completed ANOVA table showing the results of a regression analysis shown;
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Determine the simple regression model to predict the waiting time Interpret the meaning of the regression coefficient of the independent variable What is the coefficient of determination? Interpret its meaning.