The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected: Age (years) 5.5 where Y= Yearly maintenance cost in dollars and X = Age in years. 5.5 5.5 5.0 5.0 5.0 6.0 6.0 6.5 Yearly Maintenance Cost ($) 1,319 1,749 1,733 1,195 1,423 1,381 1,590 2,222 1,687 Age (years) 5.0 1.5 1.5 7.0 7.0 2.0 2.0 2.0 Yearly Maintenance Cost ($) 1,894 863 882 1,464 2,073 1,678 1,166 1,249 a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. (Enter your responses rounded to three decimal places and include a minus sign if necessary.) Y=0+0x
The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected: Age (years) 5.5 where Y= Yearly maintenance cost in dollars and X = Age in years. 5.5 5.5 5.0 5.0 5.0 6.0 6.0 6.5 Yearly Maintenance Cost ($) 1,319 1,749 1,733 1,195 1,423 1,381 1,590 2,222 1,687 Age (years) 5.0 1.5 1.5 7.0 7.0 2.0 2.0 2.0 Yearly Maintenance Cost ($) 1,894 863 882 1,464 2,073 1,678 1,166 1,249 a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. (Enter your responses rounded to three decimal places and include a minus sign if necessary.) Y=0+0x
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.EA: Extended Application Using Extrapolation To Predict Life Expectancy
Problem 2EA
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