Question

In: Statistics and Probability

The owner of a moving company typically has his most experienced manager predict the total number...

The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. This approach has proved useful in the past, but the owner has the business objective of developing a more accurate method of predicting labor hours. In a preliminary effort to provide a more accurate method, the owner has decided to use the number of cubic feet moved as the independent variable and has collected data for 36 moves in which the origin and destination were within the borough of Manhattan in New York City and in which the travel time was an insignificant portion of the hours worked.

A B C D
1 Hours Feet Large Elevator
2 24 545 3 yes
3 13.5 400 2 yes
4 26.25 562 2 no
5 25 540 2 no
6 9 220 1 yes
7 20 344 3 yes
8 22 569 2 yes
9 11.25 340 1 yes
10 50 900 6 yes
11 12 285 1 yes
12 38.75 865 4 yes
13 40 831 4 yes
14 19.5 344 3 yes
15 18 360 2 yes
16 28 750 3 yes
17 27 650 2 yes
18 21 415 2 no
19 15 275 2 yes
20 25 557 2 yes
21 45 1028 5 yes
22 29 793 4 yes
23 21 523 3 yes
24 22 564 3 yes
25 16.5 312 2 yes
26 37 575 3 no
27 32 600 3 no
28 34 796 3 yes
29 25 577 3 yes
30 31 500 4 yes
31 24 695 3 yes
32 40 1054 4 yes
33 27 486 3 yes
34 18 442 2 yes
35 62.5 1249 5 no
36 53.75 995 6 yes
37 79.5 1397 7 no

A) Construct a scatter plot.

B) Assuming a linear relationship, use the least-squares method to determine the regression coefficients b0 and b1.

C) Interpret the meaning of the slope, b1, in this problem.

D) Predict the mean labor hours for moving 500 cubic feet.

E) What should you tell the owner of the moving company about the relationship between cubic feet moved and labor hours?

Please show all work in detail.

Solutions

Expert Solution

The answers are obtained using R-software. Code and output are attached below along with the graph.


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