Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

15.Which variable is the least useful for predicting Total Charge? Does this make practical sense? /3 a) Give a full explanation (form, direction, strength) 16)

image text in transcribed

image text in transcribed
15.Which variable is the least useful for predicting Total Charge? Does this make practical sense? /3 a) Give a full explanation (form, direction, strength) 16) Which Month/Year is in fact the most expensive, relative to the fitted regression equation? /4 a) What might have happened in that month to create this outlier? Billing Days, Consumption (Cubic Meters). Average Temperature (degree 53% CI for Pearson Correlation lo I ... Method Correlation type Pearson Number of rows used 38 Correlations Consumption Average Date (Cubic Temper (DDMonYYYY) Billing Days Meters) (degre C )Degree Days Billing Days 0.032 Consumption (Cubic Meters) 0.329 -0.083 Average Temperature (degrees Ce -0 320 0.236 -0.897 Degree Days 0.320 -0.166 0.905 -0.996 Total Charges 0.176 -0.128 0.968 -0.924 0.930

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Differential Geometry

Authors: Christian Bar

1st Edition

051173123X, 9780511731235

More Books

Students also viewed these Mathematics questions

Question

Give two examples of pricing decisions with a short-run focus. lop5

Answered: 1 week ago

Question

Whatare the three major influences on pricing decisions? lop5

Answered: 1 week ago