ollects the following: annual electric bill (in dollars) and home size (in square feet). Output from a regression nalysis appears below: ill = 15.9 + 4.45*Size Coefficients Estimate Std. Error (Intercept) 15.9 0.3 Size 4.45 0.57 Ve are 98% confident that the mean annual electric bill increases by between dollars and

MATLAB: An Introduction with Applications
6th Edition
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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The local utility company surveys 12 randomly selected customers. For each survey participant, the company
collects the following: annual electric bill (in dollars) and home size (in square feet). Output from a regression
analysis appears below:
Bill = 15.9 + 4.45*Size
Coefficients Estimate Std. Error
(Intercept)
15.9
0.3
Size
4.45
0.57
We are 98% confident that the mean annual electric bill increases by between
dollars and
dollars for every additional square foot in home size.
Transcribed Image Text:The local utility company surveys 12 randomly selected customers. For each survey participant, the company collects the following: annual electric bill (in dollars) and home size (in square feet). Output from a regression analysis appears below: Bill = 15.9 + 4.45*Size Coefficients Estimate Std. Error (Intercept) 15.9 0.3 Size 4.45 0.57 We are 98% confident that the mean annual electric bill increases by between dollars and dollars for every additional square foot in home size.
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