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Create a Confidence Interval for the Slope of a Regression =30.71.84= 30.7 - 1.84

question 8

Multiple Choice

Create a confidence interval for the slope of a regression equation.
-An operations manager was interested in determining if there is a relationship between
The amount of training received by production line workers and the time it takes for them
To trouble shoot a process problem. A sample of 15 recently trained line workers was
Selected. The number of hours of training time received and the time it took (in minutes)
For them to trouble shoot their last process problem were captured. The regression output
Is shown below. The 95% confidence interval for the slope of the regression equation is The regression equation is
Trouble Shooting =30.71.84= 30.7 - 1.84 Training

 Predictor  Coef  SE Coef  T  P  Constant 30.7291.02330.030.000 Training 1.83600.137613.350.000\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 30.729 & 1.023 & 30.03 & 0.000 \\ \text { Training } & - 1.8360 & 0.1376 & - 13.35 & 0.000 \end{array}
S=1.43588RSq=93.28RSq(adj) =92.7%S = 1.43588 \quad \mathrm { R } - \mathrm { Sq } = 93.28 \quad \mathrm { R } - \mathrm { Sq } ( \operatorname { adj } ) = 92.7 \%


Definitions:

Cash-flow Hedge

A form of hedge that protects against the variability in cash flows resulting from changes in currency rates, interest rates, or commodities prices.

Fair-value Hedge

A hedging strategy aimed at offsetting changes in the fair value of an asset or liability or an identified portion of such an asset or liability.

Other Comprehensive Income

Earnings that are not part of net income, arising from activities outside of the ordinary operations, and reported separately in equity.

Hedging Instrument

A financial contract used to offset potential losses or gains that may be incurred by a companion investment.

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