The Smith’s manufacturing Co.. wants to explore the relationship between the number of employees ...

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       The Smith’s  manufacturing Co.. wants to explore the   relationship between the number of employees who assemble the PC product and   the number produced. As an experiment, tow employees were assigned to   assemble the PC. They produced 15 PC during a one-hour period. Then four   employees assembled 25 PC during a one-hour period. The complete set of   paired observations follows:   Number of   Assemblers (No. of   employee):                  2                 4                   1                   5                 3   Production   of PC per a one-hour   (unit):                     15              25              10              40            30   1. Compute    the coefficient of determination (R2)and interpret it.    2. From Q1   specify, SST(Total sum of squares), SSE (Sum of squares Error) , and SSR (Sum   of Squares Error).  Specify each component  in the graph!   3. Determine   the regression equation (Y=a + bX)  (3pts.) (Hint: Compute    y-intercept and Slope and then set up regression equation.   4. From Q3,   Determine the estimated number of PC production if 10 employees are worked.   5. Compute   the standard error of estimate (Sy.x or Sε) and interpret it.    

    • 8 years ago
    (1) R^2 = 0.86. This means the regression model is able to account for ...
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