The number of pounds of steam used per month by a chemical plant is thought to be related to the average ambient temperature (in F) for that month. The past year’s usage and temperatures are in the following table:MonthTemp.Usage/1000MonthTemp.Usage/1000Jan.21185.79July.68621.55Feb.24214.47Aug.74675.06Mar.32288.03Sept.62562.03Apr.47424.84Oct.50452.93May50454.58Nov.41369.95June59539.03Dec.30273.93Find a 99% CI for β1.

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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 number of pounds of steam used per month by a chemical plant is thought to be related to the average ambient temperature (in F) for that month. The past year’s usage and temperatures are in the following table:

Month	Temp.	Usage/1000	Month	Temp.	Usage/1000
Jan.	21	185.79	July.	68	621.55
Feb.	24	214.47	Aug.	74	675.06
Mar.	32	288.03	Sept.	62	562.03
Apr.	47	424.84	Oct.	50	452.93
May	50	454.58	Nov.	41	369.95
June	59	539.03	Dec.	30	273.93

Find a 99% CI for β_1.

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