The dependent variable and the independent variable

Assignment Help Basic Statistics
Reference no: EM131105008

To support its large fleet, North American Airlines maintains an extensive inventory of spare parts, including wing flaps. The number of wing flaps needed in inventory to replace damaged wing flaps each month depends partially on the number of flying hours for the fleet that month, since increased usage increases the chances of damage. The following table shows both the number of replacement wing flaps needed and the number of thousands of flying hours for the entire fleet for each of several recent months.

(a) Identify the dependent variable and the independent variable for doing causal forecasting of the number of wing flaps needed for a given number of flying hours.

(b) Plot the data on a graph.

(c) Find the formula for the linear regression line.

(d) Plot this line on the graph constructed in part (b).

(e) Forecast the average number of wing flaps needed in a month in which 150,000 flying hours are planned.

(f) Repeat part (e) for 200,000 flying hours.

Reference no: EM131105008

Questions Cloud

Explore a recent or emerging form of technology : Provide an introduction that defines both technology and social change, and discusses how they are related. Discuss the impact of the personal computer, cellular phones, and the Internet on society.
Use a causal forecasting approach to develop a forecasting : Joe Barnes is the owner of Standing Tall, one of the major roofing companies in town. Much of the company's business comes from building roofs on new houses. Joe has learned that general contractors constructing new houses typically will subcontra..
Methods of calculating cash flow from operations : State the difference between direct and indirect methods of calculating cash flow from operations?
Which selection of µ would make e-rt xt a martingale : This exercise deals with obtaining martingales. Suppose Xt is a geometric process with drift μ and diffusion parameter σ.(a) When would the e-rt Xt be a martingale? That is, when would the following equality hold. (b) More precisely, remember from th..
The dependent variable and the independent variable : To support its large fleet, North American Airlines maintains an extensive inventory of spare parts, including wing flaps. The number of wing flaps needed in inventory to replace damaged wing flaps each month depends partially on the number of fly..
Prove that f is continuous if and only if graph is compact : Let f: [0, 1] → R be a function. The "graph" of f is the following subset of R2: G = {(x, f(x)) | x ∈ [0, 1]}. Prove that f is continuous if and only if its graph is compact
Select any three countries of your choice : Select any three countries of your choice (one from a developed nation, a ‘second world' country, and an underdeveloped third world country) and find epidemiological data such as fertility indicators (crude birth and death rates) and other health ..
Equity stake the venture capitalist : ACW should plan to execute an IPO in three years at which time the firm is expected to have net profits of $7 million and to sell at a price / earnings ratio of 10. What would be the percent equity stake the venture capitalist will receive in exch..
To use causal forecasting to forecast sales : Luxury Cruise Lines has a fleet of ships that travel to Alaska repeatedly every summer (and elsewhere during other times of the year). A considerable amount of advertising is done each winter to help generate enough passenger business for that sum..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd