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    Relationship Between Billable Hours and Total Cost

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    A manager would like to know the relationship between the billable hours spent on a job and the total cost of the job including materials. The file attached contains the data. Summarize the relationship.

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    https://brainmass.com/statistics/regression-analysis/relationship-between-billable-hours-total-cost-405383

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    The scatter-plot shows a direct positive relationship between 'billable hours' ...

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    This solution is comprised of detailed explanation and analysis of the given problem. Analysis have been shown both in text and EXCEL for better understanding. The solution provides students with a clear perspective of the underlying concepts.

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