Use the following information for following questions .
Data were recorded for 117 months on a household's gas bill (in dollars) and the average monthly temperatures for its neighborhood. The mean monthly temperature was 48.7° F with a standard deviation of 20.6. The mean gas bill price was $81.20 with a standard deviation of 66.5. The correlation coefficient between monthly temperature and gas bill price is −0.92.
-Determine which is the correct calculation of the intercept for the linear model that predicts gas bill price from monthly temperature.
A)
B)
C)
D)
Correct Answer:
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