Question

In: Statistics and Probability

Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast,...

Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast, and the Northeast. Jim Bardi, the president, is studying the relationship between the distance a shipment must travel and the length of time, in days, it takes the shipment to arrive at its destination. To investigate, Mr. Bardi selected a random sample of 20 shipments made last month. Shipping distance is the independent variable and shipping time is the dependent variable. The results are as follows:

Shipment Distance (miles) Shipping Time (days) Shipment Distance (miles) Shipping Time (days)
1 678 3 11 814 11
2 758 14 12 782 5
3 733 14 13 753 7
4 802 15 14 831 3
5 832 15 15 723 6
6 684 6 16 746 7
7 683 9 17 632 5
8 768 4 18 740 13
9 776 10 19 778 6
10 840 13 20 822 7
  1. b-1. Fill in the blanks. (Round your answers to 3 decimal places. Negative values should be indicated by minus sign.)

x⎯⎯x¯ 758.75
y⎯⎯y¯. 8.65
Sx. 57.95
Sy. 4.13
r. 0.34
  1. b-2. State the decision rule for 0.10 significance level: H0: ρ ≤ 0; H1: ρ > 0. (Round your answer to 3 decimal places.)

Reject Ho if t > 1.330selected answer correct
  1. b-3. Compute the value of the test statistic. (Negative value should be indicated by a minus sign. Round your answer to 3 decimal places.)

Value of the test statistic1.534. selected answer correct

  1. b-4. Can we conclude that there is a positive correlation between distance and time? Use the 0.10 significance level.

Rejectselected answer correct H0. We can selected answer correct conclude that there is a positive correlation between distance and time.
  1. c-1. Determine the coefficient of determination. (Round your answer to 3 decimal places.)

  1. c-2. Fill in the blank below. (Round your answer to 1 decimal place.)

  1. Determine the standard error of estimate. (Round your answer to 3 decimal places.)

I want the answer from 1 c-1

Solutions

Expert Solution

test statistic= r*sqrt(n-2)/sqrt(1r^2)

t= 0.34*sqrt(18)/sqrt(1-0.116)

t=1.534

P value=0.0712

Since P value smaller than 0.1 reject H0. there is positive correlation.

COEFFICIENT OF DETERMINATION = r squared= (0.34)^2= 0.116 it indicates that the model explains 11.6% of the variability of the response data around its mean.

Standard error of estimate= 3.993


Related Solutions

Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast,...
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast, and the Northeast. Jim Bardi, the president, is studying the relationship between the distance a shipment must travel and the length of time, in days, it takes the shipment to arrive at its destination. To investigate, Mr. Bardi selected a random sample of 20 shipments made last month. Shipping distance is the independent variable and shipping time is the dependent variable. The results are...
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast,...
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast, and the Northeast. Jim Bardi, the president, is studying the relationship between the distance a shipment must travel and the length of time, in days, it takes the shipment to arrive at its destination. To investigate, Mr. Bardi selected a random sample of 20 shipments made last month. Shipping distance is the independent variable and shipping time is the dependent variable. The results are...
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast,...
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast, and the Northeast. Jim Bardi, the president, is studying the relationship between the distance a shipment must travel and the length of time, in days, it takes the shipment to arrive at its destination. To investigate, Mr. Bardi selected a random sample of 20 shipments made last month. Shipping distance is the independent variable and shipping time is the dependent variable. The results are...
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast,...
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast, and the Northeast. Jim Bardi, the president, is studying the relationship between the distance a shipment must travel and the length of time, in days, it takes the shipment to arrive at its destination. To investigate, Mr. Bardi selected a random sample of 20 shipments made last month. Shipping distance is the independent variable and shipping time is the dependent variable. The results are...
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast,...
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast, and the Northeast. Jim Bardi, the president, is studying the relationship between the distance a shipment must travel and the length of time, in days, it takes the shipment to arrive at its destination. To investigate, Mr. Bardi selected a random sample of 20 shipments made last month. Shipping distance is the independent variable and shipping time is the dependent variable. The results are...
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast,...
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast, and the Northeast. Jim Bardi, the president, is studying the relationship between the distance a shipment must travel and the length of time, in days, it takes the shipment to arrive at its destination. To investigate, Mr. Bardi selected a random sample of 20 shipments made last month. Shipping distance is the independent variable and shipping time is the dependent variable. The results are...
How did the Erie Canal transform the economy of New York and the Great Lakes region?...
How did the Erie Canal transform the economy of New York and the Great Lakes region? (19th century)
#1: On January 1, 2017, the balance in Great Lakes Co.'s Allowance for Bad Debts account...
#1: On January 1, 2017, the balance in Great Lakes Co.'s Allowance for Bad Debts account was $15,600. During the year, a total of $10,500 of delinquent accounts receivable were written off as bad debts. The balance in the Allowance for Bad Debts account at December 31, 2017, was $21,900. (a.) What was the total amount of bad debts expense recognized during the year? (b.) As a result of a comprehensive analysis, it is determined that the December 31, 2017,...
Toledo Custom Manufacturing (TCM), located in Toledo, Ohio, makes metal parts to customer specifications. They have...
Toledo Custom Manufacturing (TCM), located in Toledo, Ohio, makes metal parts to customer specifications. They have a variety of machines including lathes, numerically controlled (NC) machines, grinders and drill- ing machines. They can make any metal parts that require use of these machines. TCM employs 65 work- ers, supervisors, and managers in its facility. TCM is very customer-oriented and prides itself on quality control. They take a Total Quality Management systems approach including use of control charts, ISO 9000 certification,...
XYZ Co. has a central manufacturing facility, located in Mobile, Alabama. At this facility it makes...
XYZ Co. has a central manufacturing facility, located in Mobile, Alabama. At this facility it makes a product that it sells into two separate markets (West Coast and Mid-Atlantic).               The company estimates the weekly demand functions for two markets to be as follows:                              West Coast:   Q = 4000 - 200P       Mid-Atlantic:   Q = 6000 -400P                The product's cost function is estimated as follows:          ...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT