A statistical program is recommended. You may need to use the appropriate technology to answer this question. Suppose the average monthly residential natural gas bill in a certain town is $67.95. How is the average monthly gas bill for a home in this town related to the square footage, number of rooms, and age of the home? The following tables shows the average monthly gas bill over the past y square footage, number of rooms, and age for a sample of 20 homes. Average Monthly Gas Bill for Last Year $70.20 $81.33 $45.86 $59.21 $117.88 $55.78 $47.01 $52.89 $32.90 $67.04 Age 16 2 27 12 16 2 27 4 Square Footage 2,537 3,457 12 976 1,713 3,979 1,328 1,251 827 645 29 2,849 Rooms 6 8 6 7 10 7 6 5 4 5 Average Monthly Gas Bill for Last Year $76.76 $60.40 $44.07 $24.68 $62.70 $45.37 $38.09 $45.31 $52.45 $98.11 Age 1 26 14 1,386 1,299 17 1,441 13 20 10 22 23 Square Footage 2,412 27 900 542 2,140 908 1,568 1,140 Rooms 7 6 5 4 6 4 6 5 10 (a) Develop an estimated regression equation that can be used to predict a residence's average monthly gas bill for last year given its age. (Use x, for age. Round your numerical values to four decimal places.)
A statistical program is recommended. You may need to use the appropriate technology to answer this question. Suppose the average monthly residential natural gas bill in a certain town is $67.95. How is the average monthly gas bill for a home in this town related to the square footage, number of rooms, and age of the home? The following tables shows the average monthly gas bill over the past y square footage, number of rooms, and age for a sample of 20 homes. Average Monthly Gas Bill for Last Year $70.20 $81.33 $45.86 $59.21 $117.88 $55.78 $47.01 $52.89 $32.90 $67.04 Age 16 2 27 12 16 2 27 4 Square Footage 2,537 3,457 12 976 1,713 3,979 1,328 1,251 827 645 29 2,849 Rooms 6 8 6 7 10 7 6 5 4 5 Average Monthly Gas Bill for Last Year $76.76 $60.40 $44.07 $24.68 $62.70 $45.37 $38.09 $45.31 $52.45 $98.11 Age 1 26 14 1,386 1,299 17 1,441 13 20 10 22 23 Square Footage 2,412 27 900 542 2,140 908 1,568 1,140 Rooms 7 6 5 4 6 4 6 5 10 (a) Develop an estimated regression equation that can be used to predict a residence's average monthly gas bill for last year given its age. (Use x, for age. Round your numerical values to four decimal places.)
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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