1. Question 1: The Public Utility Commission is interested in describing the relationship betweenhousehold monthly utility bills and the size of the house. A recent study of 30 randomlyselected household resulted in the following regression results:SUMMARY OUTPUTRegression StatisticsMultiple RR SquareAdjusted R SquareStandard Error0.1497690880.02243078-0.01248240716.72762259Observations30ANOVAdfSSMS1179.7725274 179.7725 0.642473RegressionResidual287834.774007 279.8134Total298014.546534t Stat13.44691911 4.941135 3.26E-050.006560753 0.801544 0.429567P-valueCoefficients66.443041690.005258733Standard ErorInterceptSquare Feet(a) Based on the information provided, indicate what, if any, conclusions can be reachedabout the relationship between utility bill and the size of the house in square feet.(b) Construct a 95% confidence interval for the true regression coefficient of Square Feet.How do you interpret this confidence interval?(c) What is the F-test? In view of the F-test reported in this table, is the model significant?Please give a reason.

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Answered: 1. Question 1: The Public Utility…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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