ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Scott Bell Builders would like to predict the total number of labor hours spent framing a house (Y)
based on the square footage of the house (X). The following data have been compiled on 7 houses
recently built.
Use Excel - Blank.xlsx
Number of labor hours
(Y)
258
189
242
177
151
226
184
type the numbers as shown below.
Square footage in
100s (X)
29
27
32
35
18
30
36
Calculate the intercept (or b0). Round up to 4 decimal places.
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Transcribed Image Text:Scott Bell Builders would like to predict the total number of labor hours spent framing a house (Y) based on the square footage of the house (X). The following data have been compiled on 7 houses recently built. Use Excel - Blank.xlsx Number of labor hours (Y) 258 189 242 177 151 226 184 type the numbers as shown below. Square footage in 100s (X) 29 27 32 35 18 30 36 Calculate the intercept (or b0). Round up to 4 decimal places.
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