An air conditioning and heating repair firm conducted a study to determine if the average outside temperature could be used to predict the cost of an electric bill for homes during the winter months in Houston, Texas.The resulting regression equation was: Y = 227.19 - 1.45X, where Y = monthly cost, X = average outside air temperature
If the temperature averaged 75 degrees during December, what is the forecasted cost of December's electric bill?
A) $335.94
B) $227.19
C) $157.59
D) $118.44
Correct Answer:
Verified
Q89: The MBA program surveyed the catastrophe that
Q90: Table 4.1 Q91: Suppose that you believe that a quadratic Q92: Which of these represents the sample intercept? Q93: The MBA program surveyed the catastrophe that Q95: In the model Y = β0 + Q96: Table 4.1 Q97: In the model Y = β0 + Q98: In the model Y = β0 + Q99: The relationship between hours of preparation and
SUMMARY OUTPUT
A)b0
B)β1
C)β0
D)b1
SUMMARY OUTPUT
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