The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will he 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 labor hours. In a preliminary effort to provide a more accurate method, the owner has decided to use the number of cubic feet moved as the independent variable and has collected data for 36 moves in which the origin and destination were within the borough of Manhattan in New York City and in which the travel time was an insignificant portion of the hours worked. The data are stored Moving. a. Construct a scatter plot . b. Assuming a linear relationship, use the least squares method to determine the regression coefficients b 0 and b 1 . c. Interpret the meaning of the slope, b 1 , in this problem. d. Predict the mean labor hours for moving 500 cubic feet. e. What should you tell the owner of the moving company about the relationship between cubic feet moved and labor hours?
The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will he 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 labor hours. In a preliminary effort to provide a more accurate method, the owner has decided to use the number of cubic feet moved as the independent variable and has collected data for 36 moves in which the origin and destination were within the borough of Manhattan in New York City and in which the travel time was an insignificant portion of the hours worked. The data are stored Moving. a. Construct a scatter plot . b. Assuming a linear relationship, use the least squares method to determine the regression coefficients b 0 and b 1 . c. Interpret the meaning of the slope, b 1 , in this problem. d. Predict the mean labor hours for moving 500 cubic feet. e. What should you tell the owner of the moving company about the relationship between cubic feet moved and labor hours?
Solution Summary: The author explains how to draw a scatter plot using EXCEL software.
The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will he 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 labor hours. In a preliminary effort to provide a more accurate method, the owner has decided to use the number of cubic feet moved as the independent variable and has collected data for 36 moves in which the origin and destination were within the borough of Manhattan in New York City and in which the travel time was an insignificant portion of the hours worked. The data are stored Moving.
a. Construct a scatter plot.
b. Assuming a linear relationship, use the least squares method to determine the regression coefficients
b
0
and
b
1
.
c. Interpret the meaning of the slope,
b
1
, in this problem.
d. Predict the mean labor hours for moving 500 cubic feet.
e. What should you tell the owner of the moving company about the relationship between cubic feet moved and labor hours?
Definition Definition Representation of the direction and degree of correlation in graphical form. The grouping of points that are plotted makes it a scatter diagram. A line can be drawn showing the relationship based on the direction of points and their distance from each other.
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