Question

Examine the relationship between the average utility bills for homes of a particular size (Y) and the average monthly temperature (X). The data in the file P10_07.xlsx include the average monthly bill and temperature for each month of the past year.
a. Use the given data to estimate a simple linear regression equation. Interpret the least squares line.
b. How well does the estimated regression equation fit the given data? How might you do a better job of explaining the variation of the average utility bills for homes of a certain size?



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  • CreatedApril 01, 2015
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