A large mail-order house believes that there is a linear relationship between the weight of the mail
Question: A large mail-order house believes that there is a linear relationship between the weight of the mail it receives and the number of orders to be filled. It would like to investigate the relationship in order to predict the number of orders based on the weight of the mail. From an operational perspective, knowledge of the number of orders will help in the planning of the order-fulfillment process. A sample of 25 mail shipments is selected within a range of 200 to 700 pounds. The results are as follows. (MAIL)
| Weight of Mail Orders (Pounds) (In Thousands) | Weight of Mail Orders (Pounds) (In Thousands) | ||
| 216 | 6.1 | 432 | 13.6 |
| 283 | 9.1 | 409 | 12.8 |
| 237 | 7.2 | 553 | 16.5 |
| 203 | 7.5 | 572 | 17.1 |
| 259 | 6.9 | 506 | 15.0 |
| 374 | 11.5 | 528 | 16.2 |
| 342 | 10.3 | 501 | 15.8 |
| 301 | 9.5 | 628 | 19.0 |
| 365 | 9.2 | 677 | 19.4 |
| 384 | 10.6 | 602 | 19.1 |
| 404 | 12.5 | 630 | 18.0 |
| 426 | 12.9 | 652 | 20.2 |
| 482 | 14.5 | ||
(a) Construct a scatter diagram.
(b) Assuming a linear relationship, use the least-squares method to find the regression coefficients b2 and b1
(c) Interpret the meaning of the slope b, in this problem.
Price: $2.99
Solution: The solution consists of 3 pages
Deliverables: Word Document
Deliverables: Word Document
