Given the following information, use Excel's Regression tool and scatter plot tool to: (a) Fit...
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Given the following information, use Excel's Regression tool and scatter plot tool to: (a) Fit a line to the data that also displays the equation and R2, (b) Compute the regression statistics and predictive function for this data; (c) Identify R square (R2) and the standard error of the estimate; (d) What is the estimated overhead if 1,000 units are produced? (e) What is the 95% prediction interval for the true overhead when the number of units produced is 1,000 ? (f) What is the "residual" for the fifth observation (round to two decimal places)
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