The following table shows data for the cost of natural gas in Maryland (in dollars per Million Btu) for x years since 1990. Year xPrice in $ per Million Btu1990 6.311991 6.141992 6.321993 6.751994 6.81995 6.341996 7.461997 8.121998 8.041999 8.252000 9.582001 11.282002 9.25 a. Define the explanatory and response variables for this problem. b. Use the calculator to obtain the linear regression line of best fit for the original prices; round to three decimal places. Write this prediction equation in the form: a. In a brief sentence, interpret the slope in the context of the problem.

a). Here, the price can be predicted using the year. Therefore, the price is the response variable…

Answered: The following table shows data for the…

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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The following table shows data for the cost of natural gas in Maryland (in dollars per Million Btu) for x years since 1990.

Year	x	Price in $ per Million Btu
1990		6.31
1991		6.14
1992		6.32
1993		6.75
1994		6.8
1995		6.34
1996		7.46
1997		8.12
1998		8.04
1999		8.25
2000		9.58
2001		11.28
2002		9.25

a. Define the explanatory and response variables for this problem.

b. Use the calculator to obtain the linear regression line of best fit for the original prices; round to three decimal places.
Write this prediction equation in the form:

a. In a brief sentence, interpret the slope in the context of the problem.

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