Please provide minitab output Simple Regression Study Guide Not Assigned...Use a

Question

Please provide minitab output

Simple Regression Study Guide Not Assigned...Use as a guide for preparing for final exam Students may discuss completed analysis with me during office hours Problem Definition/ Research Objective: A wholesale supplier wants to predict the average cost associated with shipping orders of various sizes. The order sizes and shipping costs for the past twelve months are provided in the table below. Set alpha at.01. Order sizes and shipping costs for last twelve months Shipping Costs =Y Size of Orders =x 1068 1026 767 885 1156 1146 892 938 769 677 1174 1009 4489 5611 3290 4113 4883 5425 4414 5506 3346 3673 6542 5088

Explanation / Answer

The linear regression equation line is: -

Shipping Costs=-31.19+4.93*Size of Orders

To run in minitab, please see the steps below: -

1) Go to Stat > Regression > Regression

2) Input Size of Orders as Predictor and Shipping Costs as Response Variable

3) Click on Options and select 99% as confidence level.

4) Click OK.

SUMMARY OUTPUT Regression Statistics Multiple R 0.82 R Square 0.67 Adjusted R Square 0.64 Standard Error 599.03 Observations 12 ANOVA df SS MS F Significance F Regression 1 7340819.55 7340819.55 20.46 0.00 Residual 10 3588357.12 358835.71 Total 11 10929176.67 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 99.0% Upper 99.0% Intercept -31.19 1059.87 -0.03 0.98 -2392.72 2330.34 -3390.20 3327.82 Size of Orders=X 4.93 1.09 4.52 0.00 2.50 7.36 1.48 8.39

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