Business, 17.04.2020 18:24 shanilafaridor97hl
Suppose that for a typical FedEx package delivery, the cost of the shipment is a function of the weight of the package measured in ounces. You want to try to predict the cost of a typical shipment given package dimensions. If 10 packages in a city are sampled and the regression output is given below, report the regression equation.
Constant weight Coef 9.617 0.469 Stdev 2.7297 0.1076 t-ratio P 3.52 4.36 0.0078 0.0024 s 2.621 R-sq 70.39% R-sq (adj ) = 66 . 69% = Analysis of Variance SOURCE Regression Error Total DF 1 MS 130. 6.9 130.6 19.02 0.0024 185.6
Question 9 options:
1) (weight) = 0.469*(cost of delivery) + 9.617
2) (cost of delivery) = 9.617*(weight) + 0.469
3) (weight) = 9.617*(cost of delivery) + 0.469
4) (cost of delivery) = 0.469*(weight)
5) (cost of delivery) = 0.469*(weight) + 9.617
Answers: 3
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Suppose that for a typical FedEx package delivery, the cost of the shipment is a function of the wei...
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