12/10/2020 Take Test: Final Exam – INDE8900-34-R-2020F

Mukesh Pachipulusu 2
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Remaining Time: 2 hours, 16 minutes, 24 seconds.

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INDE8900-34-R-2020F Lean Manufac & Process Improv Final Exam & Quizzes Take Test: Final Exam

Take Test: Final Exam

Test Information
Description
Instructions
The nal exam duration is 4.5 hours (starting at 5:35 pm ending at 10:05 pm). 
You will need to solve the exam in class (login onto the Blackboard session).
The submission deadline is December 10, 2020, at 10:05 pm (Sharp).
The reason you are given 4.5 hours is to ensure that you start submitting your
exam 20 minutes prior to the deadline so there are no excuses for missing the
deadline. No exam will be accepted after 10:05 pm.
Be reminded of the Bylaw 31: Academic Integrity. An act of plagiarism will not
be tolerated.
Note that backtracking is not allowed.

Timed Test This test has a time limit of 4 hours and 30 minutes.This test will save and submit
automatically when the time expires.
Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain.
Multiple This test allows 2 attempts. This is attempt number 1.
Attempts
Force This test can be saved and resumed at any point until time has expired. The timer will
Completion continue to run if you leave the test.
This test does not allow backtracking. Changes to the answer after submission are
prohibited.

Moving to the next question prevents changes to this answer. Question 2 of 4

Question 2 25 points   Save Answer

A random sample of eight drivers insured with a company and having

similar auto insurance policies was selected. The following table lists
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12/10/2020 Take Test: Final Exam – INDE8900-34-R-2020F
similar auto insurance policies was selected. The following table lists
their driving experiences (in years) and monthly auto insurance
Time: 2 hours, 16 minutes, 24 seconds.
premiums.
Remaining

Monthly
Question Completion Status:auto insurance Driving experience
premium (years)
$64 5
$87 2
$50 12
$71 9
$44 15
$56 6
$42 25
$60 16
a. Does the insurance premium depend on the driving experience or
does the driving experience depend on the insurance premium?
Do you expect a positive or a negative relationship between these
two variables? 3 Marks
b. Plot the scatter diagram by choosing appropriate dependent and
independent variables based on your answer in part a. 5 Marks
c. Calculate r and r2 and explain what they mean. 7 Marks
d. Find the least-squares regression line 7 Marks
e. Predict the monthly auto insurance premium for a driver with 10
years of driving experience. 3 Marks

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Moving to the next question prevents changes to this answer. Question 2 of 4

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