Question
An air conditioning and heating repair firm conducted a study to determine if the average outside temperature could be used to predict the cost of
An air conditioning and heating repair firm conducted a study to determine if the average
outside temperature could be used to predict the cost of an electric bill for homes during the winter
months in Houston, Texas. The resulting regression equation was:
Y = 227.19 - 1.45X, where Y = monthly cost, X = average outside air temperature
(a) If the temperature averaged 48 degrees during December, what is the forecasted cost of
Decembers electric bill?
(b) If the temperature averaged 38 degrees during January, what is the forecasted cost of January's
electric bill?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started