Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN: 9780079039897
Author: Carter
Publisher: McGraw Hill
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Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual maintenance expense (in hundreds of dollars).

Weekly Usage
(hours)
Annual
Maintenance Expense
17 22
14 27
24 35
32 42
36 52
21 36
28 38
35 44
44 57
42 45

a. Develop the estimated regression equation that relates annual maintenance expense to weekly usage (to  3 decimals).   expense +          weekly usage 

      

b. Test the significance of the relationship in part (a) at a  level of significance.

Compute the value of the  f test statistic (to 2 decimals).

 

c. Jensen expects the new machine to be used  30 hours per week. What is the expected annual maintenance expense in hundreds of dollars (to  2 decimals)?

$  hundred

Develop a 95% prediction interval for the company's annual maintenance expense for this machine (to  2 decimals).

($  hundred, $  hundred)

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