A manufacturing company models production costs (in $1,000)…
A manufacturing company models production costs (in $1,000) based on the number of machines and total labor hours. The R output is as follows: Call:lm(formula = Cost ~ Machines + LaborHours, data = manufacturing_data) Residuals: Min 1Q Median 3Q Max -8.000 -3.000 0.000 3.000 8.000 Coefficients: Estimate Std. Error t value Pr(>|t|) (Intercept) 15.000 2.000 7.500
Read DetailsThe output of Fisher’s Exact Test conducted in R is shown be…
The output of Fisher’s Exact Test conducted in R is shown below: Fisher’s Exact Test for Count Data data: contingency_table p-value = 0.03 alternative hypothesis: true odds ratio is not equal to 1 Which of the following conclusions is correct at the 0.05 significance level?
Read DetailsAn e-commerce company performs a multiple linear regression…
An e-commerce company performs a multiple linear regression to predict monthly website traffic (in thousands) based on social media ad spend (in $1,000) and the number of email campaigns sent. The R output is as follows: Call:lm(formula = Traffic ~ SocialMedia + EmailCampaigns, data = ecommerce_data) Coefficients: Estimate Std. Error t value Pr(>|t|) (Intercept) 5.000 1.200 4.167 0.0003 ***SocialMedia 0.080 0.025 3.200 0.0020 ** EmailCampaigns 0.500 0.150 3.333 0.0015 ** What does the coefficient for EmailCampaigns indicate?
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