Question: On the next page we give the average hourly outdoor temperature (x) in a city during a week and the city's natural gas consumption (y)
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millions of cubic feet of natural gas-denoted MMcf). The output to the right of the data is obtained when MINITAB is used to fit a least squares line to the natural gas (fuel) consumption data.
a. Find the least squares point estimates b0 and b1 on the computer output and report their values. Interpret b0 and b1. Is an average hourly temperature of 0°F in the experimental region? What does this say about the interpretation of b0?
b. Use the facts that SSXY = -179.6475; SSXY = 1,404.355; = 10.2125; and = 43.98 to hand calculate (within rounding) b0 and b1.
c. Use the least squares line to compute a point estimate of the mean fuel consumption for all weeks having an average hourly temperature of 40°F and a point prediction of the fuel consumption for an individual week having an average hourly temperature of 40°F.
Average Hourly Temperature, x (F) 28.0 28.0 32.5 39.0 45.9 57.8 58.1 62.5 Weekly Fuel Consumption, y (MMcf) 12.4 11.7 12.4 10.8 9.4 2 Week 2 9.5 8.0 7.5 Best Fit Line for Fuel Consumption Data FuelCons 15.84 0.1279 Temp 13 12 O 10 9 8 7 30 40 50 60 Temp
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a b 0 1584 b 1 01279 b b 1 1796475 1404355 01279 ... View full answer
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