Q2.There is a perception that the wastage is depends upon the
level of production. You are required to verify this perception, by
performing the regression analysis in the last 12-month data given
below.
After analysis, answers the given question:
1. Write down the value of coefficient of correlation and interpret
it.
2. Write down the value of coefficient of determination and
interpret it.
3. Write down the regression equation for estimating the wastage in
the next month
4. Comments about the validity of regression model (equation)
5. How much will be the estimated wastage if the production level
is 5,000,000.
Production
Wastage
4,341,970
39,048
3,911,307
36,076
4,092,487
36,557
3,983,795
40,748
3,719,102
41,419
4,174,050
38,873
3,904,921
40,764
3,819,264
43,368
3,602,300
40,153
4,152,615
41,479
3,917,154
37,333
3,833,967
37,927
Q2.There is a perception that the wastage is depends upon the level of production. You are required to verify this perc
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answerhappygod
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