Question

In: Statistics and Probability

Energy consumption. The following table presents the average annual energy expenditures (in dollars) for housing units...

Energy consumption. The following table presents the average annual energy expenditures (in dollars) for housing units of various sizes (in square feet).

Size

250

750

1250

1750

2250

2750

3250

3750

Energy   

Expenditure

1087

1228

1583

1798

1939

2138

2172

2315

c.) If two homes differ in size by 250 square feet, by how much would you predict their energy expenditure to differ?

d.) Predict the energy expenditure for a home that is 2000 square feet.

e.) Compute the correlation coefficient. Interpret.

f.) Compute the correlation determination. Interpret.

Solutions

Expert Solution


Related Solutions

Price of eggs and milk: The following table presents the average price in dollars for a...
Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from February through November 2001. Use a TI-84 calculator to answer the following. Dozen Eggs Gallon of Milk 1.21 2.66 1.13 2.67 1.01 2.69 1.20 2.68 1.15 2.71 1.28 2.67 1.26 2.90 1.33 2.91 1.45 2.94 1.56 2.95 If the price of eggs differs by $0.30 from one month to the next, by how...
Price of eggs and milk: The following table presents the average price in dollars for a...
Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from January through October 2010 . Dozen Eggs Gallon of Milk 1.79 3.12 1.77 2.69 1.28 3.76 1.78 2.78 0.88 3.00 0.98 3.08 1.15 3.31 1.05 3.15 1.86 2.94 1.83 2.73 If the price of eggs differs by $0.25 from one month to the next, by how much would you expect the price of...
The following table presents the average price in dollars for a dozen eggs and a gallon...
The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month in a recent year. Dozen Eggs Gallon of Milk 1.94 3.58 1.80 3.52 1.77 3.50 1.83 3.47 1.69 3.43 1.67 3.40 1,65 3.43 1.88 3.47 1.89 3.47 1.96 3.52 1.96 3.54 2.01 3.58 If a linear regression model were fit, what is the value of the slope and the value of the y-intercept? Please round to 3 decimal places...
Using the following aggregate expenditures table, answer the questions that follow. Income (Y), in $ Consumption...
Using the following aggregate expenditures table, answer the questions that follow. Income (Y), in $ Consumption (C), in $ Saving (S), in $ 2,200 2,320 −120 2,300 2,380 −80 2,400 2,440 −40 2,500 2,500    0 2,600 2,560 40 2,700 2,620 80 2,800 2,680 120 2,900 2,740 160 3,000 2,800 200 Compute the APC when income equals $2,300 and the APS when income equals $2,800, What happens to APS as your income goes up? Compute the MPC and MPS. Do...
The table below shows the average annual consumption bundle and prices in 2012 and 2013: Streaming...
The table below shows the average annual consumption bundle and prices in 2012 and 2013: Streaming Movies Popcorn 2012 {quality, price/unit} {10000 hrs, $1.00/hr} {5000 bags, $2.00/bag} 2013 {quantity, price/unit} {12000 hrs, $0.95/hr} {4000 bags, $2.20/bag} (a) What is the percentage change in the price of each good? Calculate the consumer price index (CPI) for 2012 and 2013 using 2012 as the base year. What is the inflation rate in the CPI? (b) Are all consumers equally affected by the...
6. Enthalpy is a measure of total energy in a thermodynamic system. The following table presents...
6. Enthalpy is a measure of total energy in a thermodynamic system. The following table presents enthalpy measurements on 16 water based systems. Four measurements are made on each of four systems which differ by concentration of NaCl (table salt). Concentration (%) Enthalpy 5 1.62 1.60 1.62 1.66 10 2.69 2.66 2.72 2.73 20 3.56 3.45 3.65 3.52 30 3.35 3.18 3.40 3.06 What pairs of concentrations, if any, can you conclude to have differing enthalpies? Use α = 0.05....
The following table presents data on wine consumption (in liters per person per year) and death...
The following table presents data on wine consumption (in liters per person per year) and death rate from heart attacks (in deaths per 100,000 people per year) in 19 developed Western countries. Country Alcohol from Wine Heart disease Deaths Australia 2.5 211 Austria 3.9 167 Belgium 2.9 131 Canada 2.4 191 Denmark 2.9 220 Finland 0.8 297 France 9.1 71 Iceland 0.8 211 Ireland 0.7 300 Italy 7.9 107 Netherlands 1.8 167 New Zealand 1.9 266 Norway 0.8 227 Spain...
House prices: The following table presents prices, in thousands of dollars, of single-family homes for 20...
House prices: The following table presents prices, in thousands of dollars, of single-family homes for 20 of the 25 largest metropolitan areas in the United States for the third quarter of 2012 and the third quarter of 2013. Metro Area 2012 2013 Metro Area 2012 2013 Atlanta, GA 87.8 115.1 Philadelphia, PA 193.5 197.7 Baltimore, MD 218.1 226.5 Phoenix, AZ 129.9 169.0 Boston, MA 311.5 332.2 Portland, OR 208.6 246.5 Chicago, IL 157.2 159.4 Riverside, CA 174.3 216.7 Cincinnati, OH...
Mary developed the following payoff table based on the plan to build housing units. Mary has...
Mary developed the following payoff table based on the plan to build housing units. Mary has 3 decision alternatives to build 30 units, 50 units, and 60 units. The probabilities of strong, fair, and poor housing market are provided. Housing Units  Good Market Fair Market  Poor Market 30, d1 $50,000 . $20,000 $10,000 50, d2 80,000 30,000 -10,000 60, d3 150,000 35000 -30,000 Probability .5 .3 .2 Question # 1: If Mary wanted to make a decision based on the expected value...
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014....
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Year Period (t) Revenue ($ billions) 2009 1 23.6 2010 2 29.2 2011 3 37.8 2012 4 50.3 2013 5 59.8 2014 6 66.6 a) What type of pattern exists in the data? The time series plot shows an upward curvilinear trend. The time series plot shows a downward curvilinear trend.      The time series plot shows a downward linear trend. The time series...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT