Exhibit 91
the Following Questions Are Based on the Problem Description

question 67

Essay

Exhibit 9.1
The following questions are based on the problem description and spreadsheet below.
A company has built a regression model to predict the number of labor hours Y_i)required to process a batch of parts X_i).It has developed the following Excel spreadsheet of the results.

-Refer to Exhibit 9.1.What is the estimated regression function for this problem? Explain what the terms in your equation mean.
$$\widehat { \mathrm { Y } } _ { \mathrm { i } } = 4.8400 + 1.4836 \mathrm { X } _ { \mathrm { li } }$$

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Definitions:

Disaffirmance

The legal act of rejecting or voiding a contract or agreement, especially by one party who was a minor at the time of entering the contract.

Age of Majority

The legally recognized age at which an individual is considered an adult and can engage in civil activities without parental consent.

Legally Binding

Refers to agreements or promises that have legal force and can be enforced by law.

Capacity

The legal ability to enter into a binding contract.