Question: A US consumer lobby wishes to develop a model to predict gasoline usage, as measured by miles per gallon, based on the weight of the

 A US consumer lobby wishes to develop a model to predict

A US consumer lobby wishes to develop a model to predict gasoline usage, as measured by miles per gallon, based on the weight of the car in pounds. The Excel data file AUTO.xls (contained in a folder under the CML Quizzes tab) contains these data (and also HP) for fifty recent models. Use Excel Data Analysis to estimate a linear model for the relationship, as well as a 94% condence interval for the slope and a residual plot. State all numerical answers below correct to four decimal places using the Excel output results. 'I. the intercept 2. the slope coefficient , and 3. the standard error of the estimate 4. Using this model, predict the gasoline usage for a carweighing 1900 pounds. Use all decimal places in your calculation by selecting and using the values of be and b1 in the output generated by Excel. 5. Does the prediction involve extrapolating the relationship? Type yes or no. From the output for 94% condence interval for the slope coefficient report 6. the lower bound and 7. the upper bound

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