Question
A researcher wants to examine the relationship between the annual electricity costs ($000) per house , the number of solar panels on a house and
A researcher wants to examine the relationship between the annual electricity costs ($000) per house , the number of solar panels on a house and the number people per house.EXCEL was used to create the following multiple linear regression output.
Regression Statistics
Multiple R0.97
R Square0.94
Adjusted R Square0.93
Observations10
Coefficients Standard Error t Stat P-value Lower95%Upper95%
Intercept 1.22 0.175 7.03 0.00 0.81 1.63
Age -0.15 0.02 -10.27 0.00 -0.19 -0.12
People per house 0.07 0.03 2.63 0.03 0.01 0.14
A)Write down the 95% confidence interval to estimate the population coefficient of People per house.Do NOT interpret.
B)Test for a positive linear relationship between annual electricity cost and people per house, giving hypotheses and using a 1% level of significance.
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