3B. With the addition of the special job requiring 1,000 billable hours and a ma

Question

3B. With the addition of the special job requiring 1,000 billable hours and a margin of $38,000 before overhead was available, would the job be attractive?

Simple Linear Regression Analysis

Calculations

b1, b0 Coefficients

46.8000

204800.0000

Regression Statistics

b1, b0 Standard Error

2.7374

16874.4383

Multiple R

0.9949

R Square, Standard Error

0.9898

8656.4042

R Square

0.9898

F, Residual df

292.2918

3.0000

Adjusted R Square

0.9865

Regression SS, Residual SS

21902400000.0000

224800000.0000

Standard Error

8656.4042

Observations

6

Confidence level

95%

t Critical Value

3.1824

Half Width b0

53701.9937

Half Width b1

8.7116

Calculations

Simple Linear Regression Analysis

b1, b0 Coefficients

75.6649

20064.8649

Regression Statistics

b1, b0 Standard Error

10.0898

56927.7781

Multiple R

0.9662

R Square, Standard Error

0.9336

56026.4899

R Square

0.9336

F, Residual df

56.2370

4.0000

Adjusted R Square

0.9170

Regression SS, Residual SS

176526129729.7300

12555870270.2703

Standard Error

56026.4899

Observations

7

Confidence level

95%

t Critical Value

2.7764

Half Width b0

158056.8509

Half Width b1

28.0138

3B. With the addition of the special job requiring 1,000 billable hours and a margin of $38,000 before overhead was available, would the job be attractive? why or why not?

Simple Linear Regression Analysis

Calculations

b1, b0 Coefficients

46.8000

204800.0000

Regression Statistics

b1, b0 Standard Error

2.7374

16874.4383

Multiple R

0.9949

R Square, Standard Error

0.9898

8656.4042

R Square

0.9898

F, Residual df

292.2918

3.0000

Adjusted R Square

0.9865

Regression SS, Residual SS

21902400000.0000

224800000.0000

Standard Error

8656.4042

Observations

6

Confidence level

95%

t Critical Value

3.1824

Half Width b0

53701.9937

Half Width b1

8.7116

Explanation / Answer

The R-square value with the addition of special job is less than the R-square value without the addition of this jod i.e, 0.9336<0.9898. Hence the job is not that attractive

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