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For each of the following items identify whether it is spoilage,reworked units,or scrap.
___a. Defective shirts sold as seconds
___b. End cuts from suit-making operations
___c. Edges from plastic moldings
___d. Carpets sold as seconds
___e. Precision tools that are not built successfully to the necessary tolerance, but which can be successfully converted to a saleable prod uct
___f. Rockextracted as a result of mining processing
___g. Complex defective products such as semiconductors
Categorical Variables
Variables that represent categories and can take on values that are names or labels.
Dummy Variables
In statistical modeling, these are artificial variables created to represent an attribute with two or more distinct categories or levels.
Regression Analysis
A statistical method used to explore the relationship between a dependent variable and one or more independent variables.
Sum Of Squares
A statistical technique used to measure the dispersion or variation within a data set by squaring the differences from the mean and summing all the resulting squares.
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