What does the slope and y-intercept of the plot indicate

Assignment Help Basic Statistics
Reference no: EM131538718

Discussion Question

A manager is assessing the correlation between the number of employees in a plant and the number of products produced yearly. The table below shows the data:

Number of employees (x)

0

25

50

75

100

125

150

175

200

Number of products (y)

10

160

310

460

510

660

710

860

910

Part A: Is there any correlation between the number of employees in the plant and the number of products produced yearly? Justify your answer.

Part B: Write a function which best fits the data.

Part C: What does the slope and y-intercept of the plot indicate?

Reference no: EM131538718

Questions Cloud

Compute residual income for each of best buy divisions : Refer to information in QS. Assume a target income of 12% of average invested assets. Compute residual income for each of Best Buy's divisions.
How is a child screened and evaluated : How is a child screened and evaluated?Describe the necessity of early identification of special needs and the importance of early intervention.
How you think you might approach work and life differently : How would you deal with someone who has embraced that lifestyle if you were to encounter him or her at your next job
Fill in the blanks in the schedule : Fill in the blanks in the schedule below for two separate investment centers A and B.
What does the slope and y-intercept of the plot indicate : Discussion Question- Write a function which best fits the data. What does the slope and y-intercept of the plot indicate?
What is the firm market value capital structure : What is the firm’s market value capital structure? what rate should the firm use to discount the project’s cash flows?
What is the cause of the poor air quality : What is the cause of the poor air quality? What steps is the Chinese government taking to improve the air quality?
Define achieved and ascribed status : Define achieved and ascribed status. How could your college degree or career change affect your social status
Bad debt expenses-change in credit policy : Bad debt expenses are expected to rise from 2 percent to 3 percent with the change in credit policy.

Reviews

Write a Review

Basic Statistics Questions & Answers

  How the experimental design can be improved

As a group, smokers tend to be somewhat older than nonsmokers, would the scientist be justified in her conclusion? Explain how the experimental design can be improved so that meaningful conclusions can be drawn.

  Probability of having sample mean less for random sample

IQ score in this sample is . If the organization's claim is correct, what is the probability of having a sample mean of or less for a random sample of this size?

  Salvage value and goodwill cost can be important components

salvage value and goodwill cost can be important components of an inventory problem. how do they fit into the process

  Compute summary statistics mean median mode standard

c1-tinternetgdpco2cellularfertilityliteracyalgeria0.656.0930.32.858.3argentina10.0811.323.819.32.496.9australia37.1425.3

  Find the probability that these 3 marbles

A box contains 6 red and 9 green marbles. You reach in and remove 3 marbles all at once. (a) Find the probability that these 3 marbles are all red. (Enter your answer as a fraction.)

  Suppose that 4 candidates run for the governor of a state

suppose that 4 candidates run for the governor of a state. how many ways are there in which the numbers of their

  What is meant by consistency

What is meant by consistency and Draw a figure of the sampling distribution of a consistent estimator.

  Find probability that adults are selected excellent health

only 3 reported that their health was excellent. Find the probability that when 13 adults are randomly selected, 3 or fewer are in excellent health.

  In a test for effectiveness of garlic for lowering

in a test for effectiveness of garlic for lowering cholesterol 47 subjects were treated with garlicin. cholesterol

  Construct a histogram and frequency polygon for the data

An animal trainer obtained the following data, given in seconds. Construct a histogram, frequency polygon, and ogives for the data, and analyze the results.

  Derive the variance-covariance matrix

Derive the variance-covariance matrix  for the weighted least squares estimators when the variance-covariance matrix of the observations  where W is given in (11.7) and k is a proportionality constant.

  Conclude the total sum of square in single factor anova

An independent researcher has decided to study variations in TV viewing habits among three American cities. She has managed to randomly sample households in Chicago, Atlanta, and Minneapolis and gather data on the daily "on" times for households o..

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