Peter Thompson, in charge of office supplies at Top Hill Estates., would like to predict the quantity of paper used in t

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Peter Thompson In Charge Of Office Supplies At Top Hill Estates Would Like To Predict The Quantity Of Paper Used In T 1 (49.59 KiB) Viewed 14 times

Peter Thompson, in charge of office supplies at Top Hill Estates., would like to predict the quantity of paper used in the office photocopying machines per month He believes that the number of clients seen in a month influences the volume of photocopying performed. He has compued the following recent monthly data: (You are to use Excel for this problem) Number of clients in a Month sheets of Photocopy Paper Used (1000's) 40 24 26 12 50 25 54 26 8 20 22 23 15 34 22 52 26 2. Develop the least squares estimated regression equation that relates sheets of photocopy paper used to the number of clients. b. Use the regression equation developed in part (a) to forecast the amount of paper used in a month when 36 clients are expected. c. Compute SSE, SST, and SSR. d. Compute the coefficient of determination Comment on the goodness of fit. e. Compute the correlation coefficient £ Use the rest to test the following bypothesis 6, at a=.05.