Energy use: A sample of 10 households was monitored for one year. The household income (in $1000s)
Question:
a. Compute the least-squares line for predicting energy consumption (y) from income (x).
b. Compute a 95% confidence interval for the slope.
c. Test Ho:β1= 0 versus tic > 0. Can you conclude that income is useful in predicting energy consumption? Use the a = 0.0 level of significance.
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