The Relationship Between the Price of Yachts (Y)and Their Length

question 32

Multiple Choice

The relationship between the price of yachts (y) and their length (x) is analyzed.The mean length was 41 metres with a standard deviation of 11.The mean price was $84,000 with a standard deviation of 14,000.The correlation between the price and the length was 0.41.

• A) = 31,800 + 1,270 length
• B) = 70,800 + 0.000322 length
• C) = -962,000 + 547 length
• D) = -4,040,000 + 622 length
• E) = 62,605+ 522 length

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Definitions:

Functional Groupings

The organization of elements or components based on their purpose, role, or function within a system or structure.

Fixed-position Layout

A manufacturing layout where the product remains stationary, and workers, materials, and equipment are moved to the product site.

Process-oriented Layouts

Facility layouts designed around the sequential order of operations for specific products or product families, often seen in manufacturing settings.

Labour Assignment

The process of allocating human resources to different jobs or tasks within an organization to ensure efficient operation.