Week Labour, (hr)Pounds Shipped (1,000s)Percentage of Units Shipped by TruckAverage Shipment Weight (lb) yx1x2x311005,190202853,8992231085,3581941167,516155924,554206633,342267795,3122581015,932219884562410714,26429111226,8781012853,9903013503,87428141147,58914151044,590211611164020171108,15516181002,9641919824352320854,85825 Estimate the relationship between Labour (y) and Pounds Shipped (x1), using OLS; that is, obtained the intercept and slope estimates in the equation? = ?0 + ?1?1 + ?and How much higher will the labour predicted to be if the Pounds Shipped, is increased by 15 000

The independent variable is pounds shipped. The dependent variable is labour. We have to find the…

Answered: Week Labour, (hr) Pounds Shipped…

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.2: Percents And Proportions

Problem 18E

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Week	Labour, (hr)	Pounds Shipped (1,000s)	Percentage of Units Shipped by Truck	Average Shipment Weight(lb)
	y	x₁	x₂	x₃
1	100	5,1	90	20
2	85	3,8	99	22
3	108	5,3	58	19
4	116	7,5	16	15
5	92	4,5	54	20
6	63	3,3	42	26
7	79	5,3	12	25
8	101	5,9	32	21
9	88	4	56	24
10	71	4,2	64	29
11	122	6,8	78	10
12	85	3,9	90	30
13	50	3,8	74	28
14	114	7,5	89	14
15	104	4,5	90	21
16	111	6	40	20
17	110	8,1	55	16
18	100	2,9	64	19
19	82	4	35	23
20	85	4,8	58	25

Estimate the relationship between Labour (y) and Pounds Shipped (x1), using OLS; that is, obtained the intercept and slope estimates in the equation

? = ?0 + ?1?1 + ?

and How much higher will the labour predicted to be if the Pounds Shipped, is increased by 15 000

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