Consider the Following to Answer the Question(s) Below

question 19

Essay

Consider the following to answer the question(s) below:
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 troubleshoot a process problem. A sample of recently trained line workers was selected. The number of hours of training time received and the time it took (in minutes) for them to troubleshoot their last process problem were captured. Relevant data appear in the table below.
Below are the scatterplot, regression results, and residual plots for these data.
-Is there a significant relationship between time it takes to troubleshoot the process (minutes) and training received (use α = 0 .05)? Give the appropriate test statistic, associated P-value, and conclusion.

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Definitions:

Product Variety

The diversity of different items a firm, industry, or economy produces, providing consumers with multiple options to satisfy their preferences.

Graph Drawing

The process of representing data visually using plots and charts to make the information easier to understand.

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.

Market Price

The amount for which something can currently be purchased or sold within a marketplace, reflecting supply and demand conditions.