Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great La

ID: 3386082 • Letter: B

Question

Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast, and the Northeast. Jim Bardi, the president, is studying the relationship between the distance a shipment must travel and the length of time, in days, it takes the shipment to arrive at its destination. To investigate, Mr. Bardi selected a random sample of 20 shipments made last month. Shipping distance is the independent variable and shipping time is the dependent variable. The results are as follows:

Determine the standard error of estimate. (Round your answer to 3 decimal places.)

Explanation / Answer

The regression output of the data is as shown below -

So, we can see that the standard error of the slope = 0.010678528.

So, rounding upto 3 decimal places we get - 0.011

SUMMARY OUTPUT Regression Statistics Multiple R 0.171919001 R Square 0.029556143 Adjusted R Square -0.0243574 Standard Error 3.669823456 Observations 20 ANOVA df SS MS F Significance F Regression 1 7.383124479 7.383124 0.548214 0.468597 Residual 18 242.4168755 13.4676 Total 19 249.8 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 4.006467138 8.001962053 0.500686 0.622659 -12.805 20.81797 -12.805 20.81797 Distance (miles) 0.007906537 0.010678528 0.740415 0.468597 -0.01453 0.030341 -0.01453 0.030341

Navigate

Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great La

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.

Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great La

Question

Explanation / Answer

Related Questions

Navigate