Exhibit 14-1An Express Delivery Service Company Recently Conducted a Study

question 14

Essay

Exhibit 14-1An express delivery service company recently conducted a study to investigate the relationship between the cost of shipping a package (Y), the package weight in pounds (X1), and the distance shipped in miles (X2). Twenty packages were randomly selected from among the large number received for shipment, and a detailed analysis of the shipping cost was conducted for each package. The sample information is shown in the table below:
$$\begin{array} { c c c } \text { Cost of Shipment } & \text { Package Weight } & \text { Distance Shipped } \\\$ 3.40 & 4.3 & 100 \\\$ 2.10 & 0.5 & 165 \\\$ 11.10 & 5.3 & 245 \\\$ 2.70 & 6.1 & 52 \\\$ 2.00 & 4.7 & 58 \\\$ 8.10 & 3.7 & 255 \\\$ 15.60 & 7.2 & 265 \\\$ 5.10 & 2.6 & 214 \\\$ 1.10 & 0.8 & 105 \\\$ 4.50 & 0.95 & 285 \\\$ 6.10 & 6.4 & 120 \\\$ 1.80 & 1.3 & 95 \\\$ 14.60 & 6.7 & 245 \\\$ 14.10 & 7.7 & 195 \\\$ 9.30 & 6.8 & 165 \\\$ 1.20 & 2.9 & 50 \\\$ 12.20 & 8.3 & 165 \\\$ 1.60 & 0.9 & 85 \\\$ 8.10 & 4.6 & 207 \\\$ 4.00 & 3.4 & 150\end{array}$$
-Refer to Exhibit 14-1. How does the R2 value for this multiple regression model compare to that of the simple regression model estimated above? Interpret the adjusted R2 values for the two models.

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Definitions:

Thoracic Wall

The bony and muscular structures forming the chest cavity that protect thoracic organs and assist in breathing.

Subclavian Vein

A major vein located under the clavicle that drains blood from the upper extremities back to the heart.

Internal Jugular

A major vein in the neck, carrying blood from the head, brain, face, and neck back to the heart.

Posterior Intercostal

Pertaining to the muscles and arteries located between the ribs at the back side of the body, assisting in the mechanical aspect of breathing.