Supplementary Problem 14.32
The Shipbuilders Council of America in Washington, D.C., publishes data
about private shipyards. Among the variables reported by this organization
are the employment figures (per 1,000), the number of naval vessels under
construction, and the number of repairs or conversions done to commercial
ships (in $ millions). Shown here are the data for these three variables over a
seven-year period. Use the data to develop a regression model to predict
private shipyard employment from number of naval vessels under
construction and repairs or conversions of commercial ships.
Employment Naval Vessels Commercial Ship
Repairs or Conversions
133.4 108 431
177.3 99 1335
143.0 105 1419
142.0 111 1631
130.3 100 852
120.6 85 847
120.4 79 806
(Round your answers to 3 decimal places.)
The regression model: Employment =
+
Naval Vessels +
Commercial.