Data: Production costs of custom metal blanks that are used for computer aided machining. A 3D printed design is sent to the manufacturer which is used to arrive at a cost/unit and that estimate is used for pricing decisions. We are going to help the manufacturer by helping him analyze some factors influencing the cost of custom blanks production. Show all the supporting output. I prefer you use JMP Pro for the assignment.
N: 195 observations from a manufacturer.
Instructions: Load the file into Jmp. Make sure you note that N=195 observations. There should 12 columns. Make sure that the specification of only 3 variables Detail, Rush, Plant is set as “categorical”. You should see a red histogram for these variables. All other variables should be continuous-blue triangle. For this part of the assignment, focus only on 2 variables: cost/unit (Average cost/unit) and material cost/unit (materials are just one part of any manufacturer’s production cost).
This is best practice for any data and should be the first step of analysis.
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