The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected: Age (years) 5.5 where Y = Yearly maintenance cost in dollars and X = Age in years. 5.5 5.5 5.0 5.0 5.0 6.0 6.0 6.5 Yearly Maintenance Cost (S) 1,319 1,749 1,733 1,195 1,423 1,381 1,590 2,222 1,687 Age (years) 5.0 1.5 1.5 7.0 7.0 2.0 2.0 2.0 Yearly Maintenance Cost ($) Y=+x 1,894 863 a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. (Enter your responses rounded to three decimal places and include a minus sign if necessary.) 882 1,464 2,073 1,678 1,166 1,249

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Author:Bruce Crauder, Benny Evans, Alan Noell
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The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the
tractors increases with their age. The following data was collected:
Age
(years)
5.5
where Y = Yearly maintenance cost in dollars and X = Age in years.
5.5
5.5
5.0
5.0
5.0
6.0
6.0
6.5
Yearly
Maintenance
Cost (S)
1,319
1,749
1,733
1,195
1,423
1,381
1,590
2,222
1,687
Age
(years)
5.0
1.5
1.5
Y =
7.0
7.0
2.0
2.0
2.0
Yearly
Maintenance
Cost ($)
1,894
863
882
a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. (Enter your responses rounded to three decimal
places and include a minus sign if necessary.)
1,464
2,073
1,678
1,166
1,249
Transcribed Image Text:The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected: Age (years) 5.5 where Y = Yearly maintenance cost in dollars and X = Age in years. 5.5 5.5 5.0 5.0 5.0 6.0 6.0 6.5 Yearly Maintenance Cost (S) 1,319 1,749 1,733 1,195 1,423 1,381 1,590 2,222 1,687 Age (years) 5.0 1.5 1.5 Y = 7.0 7.0 2.0 2.0 2.0 Yearly Maintenance Cost ($) 1,894 863 882 a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. (Enter your responses rounded to three decimal places and include a minus sign if necessary.) 1,464 2,073 1,678 1,166 1,249
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