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Waterbury Insurance Company wants to study the relationship between the amount of fire damage and the distance between the burning house and the nearest
Waterbury Insurance Company wants to study the relationship between the amount of fire damage and the distance between the burning house and the nearest fire station. This information will be used in setting rates for insurance coverage. For a sample of 30 claims for the last year, the director of the actuarial department determined the distance from the fire station ) and the amount of fe damage, in thousands of dollars (y) The MegaStat output is reported here: ASOVA Table Source Regression Residual Total 55 of MS 1,065.5782 1 1,315.4934 28 1,065.5782 39.7084 46.9819 3,161.0716 29 Regression qutput Vectables Coefficients Std. Error Intercept Distance-x 12.5538 3.4664 3.0301 0.5501 t(df-28) 3.678 6.3 Click here for the Excel Data File Required: 6-1. Determine the regression equation. (Round your answers to 3 decimal places.) 34,664 000
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