Examine the possible linear relationshipbetween the weekly hours of use (x) fora certain type of machine and the annualmaintenance cost (y) in dollars. Thesample of size ten has: X-bar = 25.3 ,SXX = 946.1 , SSR = 860.1 , SSE = 144.5 ,b0 = 10.53 , b1 = 0.95 , and sb1 = 0.138.
a) Write the estimated SLR equation.b) Find SST.c) Find and interpret the coefficient ofdetermination value.d) Conduct the SLR model utility test.Use p-value = 0.0001.e) If the company expects to use a newmachine of this type 30 hours perweek, what is the predicted annualmaintenance cost?f) Find and interpret the 95% PI forthe situation in part (e).
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