05 Jun Question This should include (1) a pro
Question
This should include (1) a problem statement (that the manager of Frank’s Poultry is facing), (2) descriptive measures of the variables with variable definitions (numerical and/or graphical), (3) a description of the proposed empirical models (regression models) together with results and explanation, and, (4) list of statistical hypotheses test(s) that need to be performed with results. Think of yourself as a consultant. The goal is to help the manager of the Frank’s Poultry with the analysis and reach a decision.
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Frank’s Poultry maintains a fleet of trucks. After reviewing the repair and maintenance bills for the trucks, the manager observed that the diesel trucks appeared to be more expensive to repair and maintain (R&M) than the gasolinepowered trucks plus they cost more to purchase. Frank’s six diesel trucks averaged $1,400 in R&M expense but its nine gasolinepowered trucks averaged only $1374 in that expense, as shown below along with the age and number of miles driven by each truck.TruckR&M Expenses (in dollars)Mileage (in thousands of miles)Age (in years, where 0 indicates not one year old)Power Type (D = diesel=1), (G = gasoline=0)
1) 1229 32.2 0 D
2) 1550 34.8 1 D
3) 1359 26.7 1 D
4 )1350 24.8 2 D
5) 1459 28.2 2 D
6) 1480 27.5 2 D
7) 1309 30.6 0 G
8) 1310 29.4 0 G
9) 1350 31.4 0 G
10)1360 28.3 1 G
11)1400 29.0 1 G
12)1310 26.2 1 G
13)1375 NA NA G
14)1500 27.1 2 G
15)1460 25.8 2 G
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