Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast,...

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Statistics

Bardi Trucking Co., located in Cleveland, Ohio, makes deliveriesin the Great Lakes region, the Southeast, and the Northeast. JimBardi, the president, is studying the relationship between thedistance a shipment must travel and the length of time, in days, ittakes the shipment to arrive at its destination. To investigate,Mr. Bardi selected a random sample of 20 shipments made last month.Shipping distance is the independent variable and shipping time isthe dependent variable. The results are as follows:

ShipmentDistance (miles)Shipping Time (days)ShipmentDistance (miles)Shipping Time (days)
18083116184
2622121263413
36188136677
47868146386
577691584415
683831678314
76206177569
8751111884010
9780111975413
1064972074215


Click here for the Excel Data File

  1. Draw a scatter diagram. Based on these data, does it appear thatthere is a relationship between how many miles a shipment has to goand the time it takes to arrive at its destination?

  1. On the graph below, use the point tool to plot the pointcorresponding to the first Distance and its Shipping Time (Distance1).

  2. Repeat the process for the remainder of the sample (Distance 2,Distance 3, … ).

  3. To enter exact coordinates, double-click on the point and enterthe exact coordinates of x and y.

  1. b-1. Fill in the blanks. (Round youranswers to 3 decimal places. Negative values should be indicated byminus sign.)

x¯x¯
y¯y¯
Sx
Sy
r
  1. b-2. State the decision rule for 0.05significance level: H0: ρ ≤ 0;H1: ρ > 0. (Round youranswer to 3 decimal places.)

  1. b-3. Compute the value of the test statistic.(Negative value should be indicated by a minus sign. Roundyour answer to 3 decimal places.)

  1. b-4. Can we conclude that there is a positivecorrelation between distance and time? Use the 0.05 significancelevel.

  1. c-1. Determine the coefficient ofdetermination. (Round your answer to 3 decimalplaces.)

  1. c-2. Fill in the blank below. (Roundyour answer to 1 decimal place.)

  1. Determine the standard error of estimate. (Round youranswer to 3 decimal places.)

  1. Would you recommend using the regression equation to predictshipping time?

Answer & Explanation Solved by verified expert
4.4 Ratings (957 Votes)
a Scatter plotb1x 14524y 184xy134691x10679344y1964Samplesize n 20SSxx x x 10679344 1452420 1320152SSyy y y 1964 18420 2712SSxy xy xy 134691 1452418420 10702x x    See Answer
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