As energy costs skyrocket, customers of Burlington Power expressed concern over their home heating bills. The staff
Question:
As energy costs skyrocket, customers of Burlington Power expressed concern over their home heating bills. The staff at Burlington selects a sample of n = 50 home owners to form a data set regressing monthly invoices for February on family size, square footage of the home, and if the home was located in the city, a suburban locale, or rural county area. Partial results are shown here.
a. Fill in the missing values in all three output tables.
b. Which variables are significant at the 5% level? At the 1% level?
c. Compute the expected power bill if a family of three lived in the county in a 1,125-square-foot house.
d. What is the bill for same family living in same-size house in the suburbs?
Step by Step Answer:
Introductory Regression Analysis With Computer Application For Business And Economics
ISBN: 9780415899338
1st Edition
Authors: Allen Webster