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pls provide the full and correct answers. l5.1.1-T Use the accompanying set of dependent and independent variables to complete parts a through c below. a

pls provide the full and correct answers.

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l5.1.1-T Use the accompanying set of dependent and independent variables to complete parts a through c below. a Click the icon to view the data set. 3) Using technology, construct a multiple regression model with the given data. 37: ( 13.447) + (0.970)x1 + ( -0.404)x2 (Round to three decimal places as needed.) b) Interpret the meaning of the values for b1 and b2. Select the correct choice below and ll in the answer boxes within your choice. (Round to three decimal places as needed.) 0 A' The value for b1 means that for a one-unit change in x2 with x1 constant, ,7 increases by O B- The value for b1 means that when x2 is equal to 0, x1 is equal to . The value for b2 means that when x1 equals 0, x2 is equal to O c' The value for b1 means that for a one-unit change in x1 with x2 constant, 37 increases by . The value for b2 means that for a one-unit change in x1 with x2 constant, 9 decreases by . The value for b2 means that for a one-unit change in x2 with x1 constant, 9 decreases by A cable company would like to develop the ability to predict the monthly cable bill for a customer. A multiple regression model was developed using a random smple of customers using the independent variables Coefficients shown below. Use the regression output shown to the right to complete parts a and b. Intercept 39.4327 TV: the number of televisions in the household TV 10.4348 People: the number of people living in the household People 7.1904 Years: the number of years that the household has been a customer of the company Years - 0.7394 a. Interpret the meaning of all three regression coefficients. Select the correct choice below and, if necessary, fill in the answer boxes within your choice. (Type integers or decimals. Type exact answers.) A. Each additional TV decreases the monthly cable bill by $ . Each additional person decreases the monthly cable bill by $ . Each additional year increases the monthly cable bill by $ B. Each additional TV increases the monthly cable bill by $ 10.4348 . Each additional person increases the monthly cable bill by $ 7.1904 . Each additional year decreases the monthly cable bill by $ 0.7394. O C. There is no meaningful interpretation of the regression coefficients for this application. b. Predict the average monthly cable bill for a household with four televisions, three people in residence, and eight years of being a customer. The average monthly cable bill would be $. (Round to the nearest cent as needed.)

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