Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, please check the excel document (link attached) to answer the following question, all the data needed is in Excel document. https://docs.google.com/spreadsheets/d/1pq6zyY9ZUKH0kVOnYZb1c_-haVAn2NrZ/edit?usp=sharing&ouid=101206559306899920742&rtpof=true&sd=true Text : The

Hello, please check the excel document (link attached) to answer the following question, all the data needed is in Excel document.

https://docs.google.com/spreadsheets/d/1pq6zyY9ZUKH0kVOnYZb1c_-haVAn2NrZ/edit?usp=sharing&ouid=101206559306899920742&rtpof=true&sd=true

Text :

The Electric Bill dataset contains monthly household electric billing charges for ten years. In addition, there are values for such potential explanatory variables as temperature, heating and cooling degree days, number in household, and indicator variables for a new electric meter and new heat pumps. With knowledge of the utility's tiered rate function, the bill amount can be converted to an estimate of the number of kilowatt hours used. However estimated consumption in kwh is given in column M. The variable of primary interest is the dollar amount of the monthly electric bill. Billing amounts at this utility are based on: a connection charge, a tiered tariff function, and a collection of as many as eight riders that apply to all kilo watt hours used. Riders are amounts approved by the state utility rate commission to compensate for items such as fuel costs, environmental issues, and capital recovery. Positive amounts reflect additional costs passed to the consumer. Negative amounts indicate rebates. The variable RIDER TOTAL shows the net amount for each month.

Question: PLEASE ONLY DO PART E

1) There is one missing value for variable BILL.

a) Use the mean monthly Billing to estimate the missing value.

b) Construct a Box and Whisker plot for Bill amount in dollar, if there are outliers identify them.

c) Construct a stem and leaf display for Bill amount in dollar, comment on the shape of the distribution. Compare Bill's averages to confirm the result.

d) Use more than one graph to present the family "Size". What is the most popular family size, which descriptive measurement do you choose?

e) Plot Dec, Jan, Feb, and March Bill's values over 1991,1995 and 2000 year in order to study the consistency from one year to the next for each month.

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

Integrated Accounting

Authors: Dale A. Klooster, Warren Allen, Glenn Owen

8th edition

1285462726, 1285462721, 978-1285462721

More Books

Students also viewed these Mathematics questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago

Question

3. How can we use information and communication to generate trust?

Answered: 1 week ago