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Category > Business & Finance Posted 24 May 2017 My Price 7.00

How many different products were included in this analysis?

Tableware. Nambe Mills manufactures plates, bowls, and other tableware made from an alloy of several metals. Each item must go through several steps, including polishing. To better understand the production process and its impact on pricing, the company checked the polishing Time (in minutes) and the retail Price (in US$) of these items. The regression analysis is shown below. The scatterplot showed a linear pattern, and residuals were deemed suitable for inference.

a) How many different products were included in this analysis?

b) What percentage of the variation in retail price is explained by the polishing time?

c) Create a 95% confidence interval for the slope of this relationship.

d) Interpret your interval in this context.

 

Answers

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Status NEW Posted 24 May 2017 12:05 PM My Price 7.00

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file 1495629756-Answer.docx preview (191 words )
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