Please answer ASAP. Thank you! a. Develop the estimated regression equation that relates annual maintenance expense (in hundreds of dollars) to weekly usage hours (to3 decimals).Expense =+Weekly Usageb. Test the significance of the relationship in part (a) at a 0.05 level of significance.Compute the value of the F test statistic (to 2 decimals).The p value is - Select your answer -What is your conclusion?- Select your answer -c. Jensen expects the new machine to be used 30 hours per week. What is the expected annual maintenance expense in hundreds ofdollars (to 2 decimals)?$hundredDevelop a 95% prediction interval for the company's annual maintenance expense for this machine (to 2 decimals).($hundred, $hundred)d. If the maintenance contract costs $3000 per year, would you recommend purchasing the contract for the new machine in part (c)? Whyor why not?- Select your answer - Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment andbalancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information onweekly usage (hours) and annual maintenance expense (in hundreds of dollars).Weekly Usage(hours)16132331352027344341AnnualMaintenance Expense24293744543840465947

a. Develop the estimated regression equation that relates annual maintenance expense (in hundreds of dollars) to weekly usage hours (to 3 decimals). Expense = + Weekly Usage b. Test the significance of the relationship in part (a) at a 0.05 level of significance. Compute the value of the F test statistic (to 2 decimals). The p value is - Select your answer - What is your conclusion? - Select your answer - c. Jensen expects the new machine to be used 30 hours per week. What is the expected annual maintenance expense in hundreds of dollars (to 2 decimals)? $ Develop a 95% prediction interval for the company's annual maintenance expense this machine (to 2 decimals). ($ hundred, $ hundred) hundred

a. Develop the estimated regression equation that relates annual maintenance expense (in hundreds of dollars) to weekly usage hours (to 3 decimals). Expense = + Weekly Usage b. Test the significance of the relationship in part (a) at a 0.05 level of significance. Compute the value of the F test statistic (to 2 decimals). The p value is - Select your answer - What is your conclusion? - Select your answer - c. Jensen expects the new machine to be used 30 hours per week. What is the expected annual maintenance expense in hundreds of dollars (to 2 decimals)? $ Develop a 95% prediction interval for the company's annual maintenance expense this machine (to 2 decimals). ($ hundred, $ hundred) hundred

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter4: Polynomial And Rational Functions

Section4.6: Rational Functions

Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.

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Find the mean hourly cost when the cell phone described above is used for 240 minutes.
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