The Pelangi Corporation has 11 plants located around the world. In a recent year, the data for each
plant gave the number of labour hours capital (total net plant assets), and total quantity produced.
The plants all operate at a similar level of technology, so that a production function can be derived
from the data. A Cobb-Douglas production function was estimated and the result is shown below.
Model Summary
Model R R Square Adjusted R Square Std. Error of the Estimate
1 .994 .989 .986 .04141
a Predictors: (Constant), LnL, LnC