Question: A real estate developer wishes to predict electricity consumption based on atmospheric temperature. He collected data on 30 houses. Let the variable Electricity consumption be

A real estate developer wishes to predict electricity consumption based on

atmospheric temperature. He collected data on 30 houses. Let the variable Electricity

A real estate developer wishes to predict electricity consumption based on atmospheric temperature. He collected data on 30 houses. Let the variable Electricity consumption be the monthly electricity consumption in kilowatts (kw) for a house and Temperature be the monthly average atmospheric temperature in \"C in the area of the house. Following is the output from a simple linear regression obtained from the collected data: Coefcients Standard Error tStat Pvalue Lower 95% UM 95% Intercept 240078619 111431218? 21.54501 5.71E-19 217.2529? 262.9042? Temgrature 1C! 57269628 0534087664 40.7229 2.02E-11 6.8209918 4.632934 We want to conduct a hypothesis test to determine the linear relationship between the electricity consumption and temperature. Which of the following is the correct p- value? Select one: 0 2.86E-19 O 4.04E-11 O 5.71 E19 0 2.02E-11 O 1.01 E-11 Check

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

19 Name: ____________________________________ 1. Your friend has a credit card with an APR of 49.9% ! What would his finance charge be on a $500 charge for just 1 month? 2. Your friend has 2 credit...

3 COLLEGE ALGEBRA - TRIGONOMETRY Business and Finance (MAT115) This course will start with a review of basic algebra (factoring, solving linear equations, and equalities, etc.) and proceed to a study...

Select an organisation with which you are familiar and write a report on how you would transform a clearly defined segment of the organisation into a sustainable business segment. Do not select an...

Financial Impacts of Climate Change: Invest or Not? It was a sunny Friday afternoon in downtown Denver, CO, and Skylar Morrisoni was enjoying a muchneeded break in the common area of her venture...

Hello, you already did chapter 1 and 2 of my MASTERS Thesis already for me. (See attached) So normally you know masters thesis consist of 5 chapters right ??..... But in this case my thesis will be 4...

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

CorBloc Ltd. is setting up a fund to pay back a $22,000,000 debt in 18 years. To accumulate this money they will make equal annual deposits at the beginning of each year.Into a fund earning 9%...

What amino acid sequence is coded by the following mRNA base sequence? CUU-AUG-GCU-UGG-CCC-UAA

6.58 The number of automobiles that arrive at a certain intersection per minute has a Poisson distribution with a mean of 5. Interest centers around the time that elapses before 10 automobiles appear...

SYSTEMS AND DECISION MAKING MODULE PLEASE DO NOT COPY THE ANSWER ON THIS PLATFORM AS IT IS NOT ANSWERING THE QUESTION WHICH IS THE HOW part Please explain clearly giving 10 points and explanation...

1. To provide an understanding that a person in a communication situation conveys three things at the same time: their position, basic interests and values.

4. What is meant by the statement: We are extremely limited in our willingness to allow others to put their own case in a social situation?.

8. Give three examples of how the level of confidence one has in someone can affect a communication situation.