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•• 4.48 Dave Fletcher, the general manager of North Carolina Engineering Corporation (NCEC), thinks that his firm’s engineering services contracted to highway construction firms are directly related to the volume of highway construction business contracted with companies in his geographic area. He wonders if this is really so, and if it is, can this information help him plan his operations better by
- a. Using this data, develop a regression equation for predicting the level of demand of NCEC’s services.
- b. Determine the coefficient of correlation and the standard error of the estimate.
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Chapter 4 Solutions
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