The data on retail price and energy cost for 10 large side-by-side refrigerators is in the table below. Using excel answer the following questions. reproduced a. Give the equation of a straight-line model relating retail price y to energy cost x. b. Using excel estimate the slope and y-intercept of the line. Paste the results from excel. c. Write the equation of the least squares line. d. Use the least squares line to predict the retail price of a refrigerator with an energy cost of $80 per year. Brand Maytag MTB2156B Amana TR21V2 Kenmore (Sears) 7820 Whirlpool Gold GT22DXXG GEProfile TBX22PRY KitchenAid Prestige KTRP22KG Whirlpool ET21PKXG GE TBX22ZIB Frigidaire Gallery FRT20NGC Hotpoint CTX21DIB Price ($) 850 760 900 870 1100 800 650 750 750 570 Energy Cost per Year ($) 48 54 58 66 77 66 70 81 72 78

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Please show all steps for a, b, c and d, with steps on how to do it on excel
The data on retail price and energy cost for 10 large side-by-side refrigerators is
reproduced in the table below. Using excel answer the following questions.
a. Give the equation of a straight-line model relating retail price y to energy cost x.
b. Using excel estimate the slope and y-intercept of the line. Paste the results from excel.
c. Write the equation of the least squares line.
d. Use the least squares line to predict the retail price of a refrigerator with an energy cost of $80
per year.
Brand
Maytag MTB2156B
Amana TR21V2
Kenmore (Sears) 7820
Whirlpool Gold GT22DXXG
GEProfile TBX22PRY
KitchenAid Prestige KTRP22KG
Whirlpool ET21PKXG
GE TBX22ZIB
Frigidaire Gallery FRT20NGC
Hotpoint CTX21DIB
Price ($)
850
760
900
870
1100
800
650
750
750
570
Energy Cost per
Year ($)
48
54
58
66
77
66
70
81
72
78
Transcribed Image Text:The data on retail price and energy cost for 10 large side-by-side refrigerators is reproduced in the table below. Using excel answer the following questions. a. Give the equation of a straight-line model relating retail price y to energy cost x. b. Using excel estimate the slope and y-intercept of the line. Paste the results from excel. c. Write the equation of the least squares line. d. Use the least squares line to predict the retail price of a refrigerator with an energy cost of $80 per year. Brand Maytag MTB2156B Amana TR21V2 Kenmore (Sears) 7820 Whirlpool Gold GT22DXXG GEProfile TBX22PRY KitchenAid Prestige KTRP22KG Whirlpool ET21PKXG GE TBX22ZIB Frigidaire Gallery FRT20NGC Hotpoint CTX21DIB Price ($) 850 760 900 870 1100 800 650 750 750 570 Energy Cost per Year ($) 48 54 58 66 77 66 70 81 72 78
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