The local utility company surveys 11 randomly selected customers. For each survey participant, thecompany collects the following: annual electric bill (in dollars) and home size (in square feet). Output froma regression analysis is as follows: bill 19.6+4.44. size.Coefficients Estimate Std. Error(Intercept)Size19.64.440.520.2Round your answer to three decimal places, and round any interim calculations to four decimal places.We are 98% confident that the mean annual electric bill increases by betweendollars anddollars for every additional square foot in home size.

n=11, α=0.02bill = 19.6+4.44×sizeβ0=19.6, seβ0=0.52β1=4.44, seβ1=0.2

Answered: The local utility company surveys 11…

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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