In: Statistics and Probability
The owner of a moving company usually has her most experienced manager predict the total number of labor hours required to complete a move. While useful, the owner is interested in a more accurate method of predicting the number of labor hours required. As a preliminary effort, data was collected on the number of work hours required to complete a move, number of cubic feet moved, the number of large pieces, and if an elevator was present.
How much correlation is there between the variables?
How much of the variability in strength is explained by the predictors?
Which of the predictor variables are significant at the 0.05 level?
At the 0.05 level of significance, what is the conclusion about the overall model hypothesis test?
What is the 90% confidence interval around the variable Elevator?
How are the degrees of freedom residuals computed?
At α = 0.001, is the overall model significant?
Estimate the number of hours required when 325 cubic feet are moved with 3 large pieces of furniture and no elevator is present.
Estimate the number of hours required when 425 cubic feet are moved with 7 large pieces of furniture and an elevator is present.
Estimate the number of hours required when 375 cubic feet are moved with 2 large pieces of furniture and no elevator is present.
Hours | Feet | Large | Elevator |
24.00 | 545 | 3 | Yes |
13.50 | 400 | 2 | Yes |
26.25 | 562 | 2 | No |
25.00 | 540 | 2 | No |
9.00 | 220 | 1 | Yes |
20.00 | 344 | 3 | Yes |
22.00 | 569 | 2 | Yes |
11.25 | 340 | 1 | Yes |
50.00 | 900 | 6 | Yes |
12.00 | 285 | 1 | Yes |
38.75 | 865 | 4 | Yes |
40.00 | 831 | 4 | Yes |
19.50 | 344 | 3 | Yes |
18.00 | 360 | 2 | Yes |
28.00 | 750 | 3 | Yes |
27.00 | 650 | 2 | Yes |
21.00 | 415 | 2 | No |
15.00 | 275 | 2 | Yes |
25.00 | 557 | 2 | Yes |
45.00 | 1028 | 5 | Yes |
29.00 | 793 | 4 | Yes |
21.00 | 523 | 3 | Yes |
22.00 | 564 | 3 | Yes |
16.50 | 312 | 2 | Yes |
37.00 | 757 | 3 | No |
32.00 | 600 | 3 | No |
34.00 | 796 | 3 | Yes |
25.00 | 577 | 3 | Yes |
31.00 | 500 | 4 | Yes |
24.00 | 695 | 3 | Yes |
40.00 | 1054 | 4 | Yes |
27.00 | 486 | 3 | Yes |
18.00 | 442 | 2 | Yes |
62.50 | 1249 | 5 | No |
53.75 | 995 | 6 | Yes |
79.50 | 1397 | 7 | No |
using excel>data analysis>Regression
we have
Regression Analysis | ||||||
Regression Statistics | ||||||
Multiple R | 0.9806 | |||||
R Square | 0.9616 | |||||
Adjusted R Square | 0.9579 | |||||
Standard Error | 3.0557 | |||||
Observations | 36 | |||||
ANOVA | ||||||
df | SS | MS | F | Significance F | ||
Regression | 3 | 7472.6419 | 2490.8806 | 266.7649 | 0.0000 | |
Residual | 32 | 298.7956 | 9.3374 | |||
Total | 35 | 7771.4375 | ||||
Coefficients | Standard Error | t Stat | P-value | Lower 90% | Upper 90% | |
Intercept | 2.9904 | 1.9078 | 1.5674 | 0.1268 | -0.2412 | 6.2221 |
Feet | 0.0256 | 0.0038 | 6.8015 | 0.0000 | 0.0192 | 0.0320 |
Large | 5.0424 | 0.7216 | 6.9882 | 0.0000 | 3.8201 | 6.2646 |
Elevator | -6.7683 | 1.3821 | -4.8972 | 0.0000 | -9.1093 | -4.4272 |
09806 , strong correlation is there between the variables.
95.79 % variability in strength is explained by the predictors.
All the predictor variables are significant at the 0.05 level because p-value is less than 0.05.
At the 0.05 level of significance, the conclusion about the overall model hypothesis test is statistically significant because the p-value of the overall model is less than 0.05.
the 90% confidence interval around the variable Elevator is (-9.1093, -4.4272)
the degrees of freedom residuals computed is 32
At α = 0.001, yes the overall model significant because the p-value is less than 0.001.
the number of hours required when 325 cubic feet are moved with 3 large pieces of furniture and no elevator is present is
Hours = 2.9904 +0.0256 feet +5.0424 Large -6.7683 elevator
= 2.9904 +0.0256*325 +5.0424 *3 -6.7683 *0
= 26.4376 hours
the number of hours required when 425 cubic feet are moved with 7 large pieces of furniture and an elevator is present is
hours =2.9904 +0.0256*425 +5.0424 *7-6.7683 *1
= 42.3989 hours
the number of hours required when 375 cubic feet are moved with 2 large pieces of furniture and no elevator is present is
hours =2.9904+0.0256*375 +5.0424 *2-6.7683 *0
= 22.6752 hours