The Toluca Company Labour Hours against Lot Size
The Toluca Company manufactures equipment related to refrigerator. The company, in respect of a particular component of a refrigerator, has data on the labor hours required for the component in various lot sizes. Using this data, the officials wanted to find the optimum lot size for producing this part.
data("tc")A data frame with 25 observations on the following 2 variables.
Lot_Sizesize of the lot
Labour_Hoursthe labor hours required
Kutner, M. H., Nachtsheim, C. J., Neter, J., and Li, W. (1974-2005). Applied Linear Statistical Models, 5e. McGraw-Hill.
data(tc) tclm <- lm(Labour_Hours~Lot_Size,data=tc) tclm$coefficients
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