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scourse.com/platform/mod/quiz/attempt.php?attempt-18123918page-2 Menu QUESTION 3 Partialy crect 400 points out of 7,00Flag question Selecting a Basis for Predicting Shipping Expenses (Requires Computer Spreadsheet*) Boom Company assembles and sells portable speaker systems in the midwest. In an effort to improve the planning and control of shipping expenses, management is trying to determine which of three variables-units shipped, weight shipped. or sales value of units shipped-has the closest relationship with shipping expenses. The following information is available: Weight Sales Value of Shipping Month Units Shipped Shipped (Ibs.) Units Shipped Expenses 9,300 $200,000 $8,960 220,000 12,320 160,000 10,400 228,000 16,640 280,000 13,760 320,000 13,120 6,000 10,000 8,000 14,000 12,000 9,000 May 12,000 12,150 15,000 10,500 12,000 une July August September October Required a. With the aid of a spreadsheet program, determine whether units shipped. weight shipped, or sales value of units shipped has the closest relationship with shipping expenses Complete the r-squared values between each possible independent variable and shipping expenses: Round answers to two decimal places Units shipped 0.92 Weight shipped 0.59 V

Explanation / Answer

Units shipped has closest relationship to shipping expenses

expense relation equation-

0.92*units + 3200= shipping expense

note that this equation will not give an exact answer. there are 2 other factors which influence the shipping cost. weight and sale value have considerably high r-squared as well.

Units Weight Sale value r-squared 0.92 0.59 0.23

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