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TABLE 17-9
What are the factors that determine the acceleration time (in sec.)from 0 to 60 miles per hour of a car? Data on the following variables for 171 different vehicle models were collected:
Accel Time: Acceleration time in sec.
Cargo Vol: Cargo volume in cu.ft.
HP: Horsepower
MPG: Miles per gallon
SUV: 1 if the vehicle model is an SUV with Coupe as the base when SUV and Sedan are both 0
Sedan: 1 if the vehicle model is a sedan with Coupe as the base when SUV and Sedan are both 0
The regression results using acceleration time as the dependent variable and the remaining variables as the independent variables are presented below. The various residual plots are as shown below.
The coefficient of partial determination (
)of each of the 5 predictors are,respectively,0.0380,0.4376,0.0248,0.0188,and 0.0312.
The coefficient of multiple determination for the regression model using each of the 5 variables Xj as the dependent variable and all other X variables as independent variables ( )are,respectively,0.7461,0.5676,0.6764,0.8582,0.6632.
-Referring to Table 17-9,________ of the variation in Accel Time can be explained by MPG while controlling for the other independent variables.
Standard Deviation
A measure of the dispersion or spread of data points in a data set, indicating how much variation there is from the average.
Service Level
A measure of the quality of service provided by a business, often evaluated against customer expectations or industry standards.
Single-Period Order Model
A decision-making tool used in inventory management for products with a limited lifespan, focusing on optimizing order quantities for a single selling period.
Christmas Trees
In the context of oil and gas, refers to the assembly of valves, spools, and fittings installed on a wellhead to control the flow of oil or gas from the well.
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