Would you use this regression model why or why not please

Assignment Help Basic Statistics
Reference no: EM13618626

A chemical company has three plants. Due to a shortage of labor and the intense heat involved in production, only one plant is operated at a time, and operations are shifted every few days to another plant. The company wants to estimate the relationship between daily production Y and the independent variable, labor force present X1. Since the company knows that differnces may exist among the different plants, it proposes a qualitative variable X2 also be used. The variable is defined as X2=1 if plant A is used, 2 if plant B is used, and 3 if plant C is used during the day.

a. Would you use this regression model? Why or Why not?

b. Please write the regression model that you would use and write descriptions for all variables and coefficients.

Reference no: EM13618626

Questions Cloud

Angell inc hired you as a consultant to help them estimate : angell inc. hired you as a consultant to help them estimate their cost of capital. you have been provided with the
Gremlin industries will pay a dividend of 180 per share : gremlin industries will pay a dividend of 1.80 per share this year. it is expected that this dividend will grow by 4
Suppose the rate of return on a 10-year t-bond is currently : suppose the rate of return on a 10-year t-bond is currently 5.00 and that on a 10-year treasury inflation protected
A person exerts a tangential force of 372 n on the rim of a : a person exerts a tangential force of 37.2 n on the rim of a disk-shaped merry-go-round of radius 2.70 m and mass 158
Would you use this regression model why or why not please : a chemical company has three plants. due to a shortage of labor and the intense heat involved in production only one
An investment costs 500 and is expected to produce cash : an investment costs 500 and is expected to produce cash flows of 50 at the end of year 1 60 at the end of year 2 70 at
Two fair dice are rolled lets define the following : two fair dice are rolled. lets define the following eventsa the english words for the numbers rolled start with the
A 0400kg ice puck moving east with a speed of 650ms has a : a 0.400kg ice puck moving east with a speed of 6.50ms has a head-on collision with a 0.700kg puck initially at
Make the usual assumptions about independence of birthdays : a large number of people are waiting in line at espresso royale as it often happens at around noon. the barista

Reviews

Write a Review

 

Basic Statistics Questions & Answers

  Male-female examination sample scores

A sample of scores on an examination given to both males and females is: At the .01 level of significance, is the mean grade of the female students higher than that of the males?

  Scientists have predicted that an increase in sea level is

Scientists have predicted that an increase in sea level is one of the likely consequences of climate change associated with the enhanced greenhouse effect

  Diameters of peaches in a certain orchard

The diameters of peaches in a certain orchard are normally distributed with a mean of 3.85 inches and a standard deviation of 0.42 inches. Show all work.

  Find variance-standard deviation for producing weather tire

What is the variance and standard deviation (of profit, NOT of tire life) for producing an all weather tire? Of producing a high performance tire?

  Mean of the data represented in this stemplot

Consider the following stemplot.  The mean of the data represented in this stemplot ?

  Create a decision tree to represent this situation if he

samuel cartwright is suing over a workmanship defect in a data backup system that cost him 3 years of client data. he

  Explain conjunction fallacy in independent events

Assume that the event "Mary takes Mathematics 23 and Government 35" is more likely than the event "Mary takes Mathematics 23." Why are we not making this fallacy here?

  A singapore edition of business times

In a Singapore Edition of Business Times, diamond pricing we explored. The price of a diamond is based on the diamond's weight, color, and clarity. A Simple random sample of 18 one-half-carat diamonds had the following prices, in dollar's

  Confidence interval for the true mean weight

Construct a 90 percent confidence interval for the true mean weight. Describe factors which might cause variation in the weight of Tootsie Rolls during manufacture.

  Find the standard score for students

Find the standard score (z-score) for students who study the following hours in a particular week. Round Z to the nearest hundredth and interpret the meaning of each answer as it pertains to this problem.

  Find probability that account has balance of given value

From this group of 2000 accounts what is the probability that an account has a balance of $500 or more, given that it is 3 or more years old?

  Are x and y independent

Are X and Y independent?

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