TABLE 14-6
One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y).To provide its customers with information on that matter,a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit (X 1 )and the amount of insulation in inches (X 2 ).Given below is EXCEL output of the regression model. Also SSR (X 1 ∣ X 2 )= 8343.3572 and SSR (X 2 ∣ X 1 )= 4199.2672
-Referring to Table 14-6,________% of the variation in heating cost can be explained by the variation in the amount of insulation while holding the minimum outside temperature constant.

Question

TABLE 14-6
One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y).To provide its customers with information on that matter,a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit (X 1 )and the amount of insulation in inches (X 2 ).Given below is EXCEL output of the regression model.  Also SSR (X 1 ∣ X 2 )= 8343.3572 and SSR (X 2 ∣ X 1 )= 4199.2672
-Referring to Table 14-6,________% of the variation in heating cost can be explained by the variation in the amount of insulation while holding the minimum outside temperature constant.

Quizplus · Accepted Answer

The Answer of TABLE 14-6
One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y).To provide its customers with information on that matter,a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit (X 1 )and the amount of insulation in inches (X 2 ).Given below is EXCEL output of the regression model.  Also SSR (X 1 ∣ X 2 )= 8343.3572 and SSR (X 2 ∣ X 1 )= 4199.2672
-Referring to Table 14-6,________% of the variation in heating cost can be explained by the variation in the amount of insulation while holding the minimum outside temperature constant.

TABLE 14-6 One of the Most Common Questions of Prospective House Buyers