Solution: You obtain the following regression statistics for the relationship between defect rate and volume at one of your plants. You have a random sample
Question: You obtain the following regression statistics for the relationship between defect rate and volume at one of your plants. You have a random sample of results from 160 shifts at the plant.
- What are the null and alternative hypotheses?
- What is the population of interest? What is the sample?
- On the basis of the output, what can you conclude about the null hypothesis?
- Can you reject the null hypothesis that the slope is 0?
- Can you reject the null hypothesis that there is no linear relationship between the dependent and independent variables?
- Can you reject the null hypothesis that the population correlation coefficient is 0?
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What would you predict the defect rate to be on a day when the volume is 4200 units? What would you predict the average defect rate to be for all days with production volumes of 4200?
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