In: Statistics and Probability
A consumer buying cooperative tested the effective heating area of 20 different electric space heaters with different wattages. Here are the results.
Heater | Wattage | Area | ||
1 | 1,250 | 365 | ||
2 | 1,750 | 455 | ||
3 | 2,000 | 545 | ||
4 | 1,800 | 455 | ||
5 | 1,500 | 355 | ||
6 | 1,250 | 354 | ||
7 | 300 | 65 | ||
8 | 1,000 | 35 | ||
9 | 600 | 45 | ||
10 | 1,000 | 55 | ||
11 | 300 | 65 | ||
12 | 2,250 | 545 | ||
13 | 300 | 55 | ||
14 | 950 | 55 | ||
15 | 300 | 25 | ||
16 | 400 | 35 | ||
17 | 800 | 55 | ||
18 | 240 | 65 | ||
19 | 1,800 | 455 | ||
20 | 300 | 25 | ||
a. Compute the correlation between the wattage and heating area. Is there a direct or an indirect relationship? (Negative value should be indicated by a minus sign. Round your answer to 3 decimal places.)
The correlation of Wattage and Area is _______.
b. Conduct a test of hypothesis to determine if it is reasonable that the coefficient is greater than zero. Use the 0.05 significance level. (Negative value should be indicated by a minus sign. Round intermediate calculations and final answer to 3 decimal places.)
H0: ρ ≤ 0; H1: ρ > 0 Reject H0 if t > 1.7341
t=______
C. Develop the regression equation for effective heating based on wattage. (Negative value should be indicated by a minus sign. Round your answers to 3 decimal places.)
The regression equation is Area=______+______ Wattage
D. Which heater looks like the “best buy” based on the size of the residual? (Negative value should be indicated by a minus sign. Round residual value to 2 decimal places.)
The fifth heater is the "best buy." It heats an area that is ________ square feet larger than estimated by the regression equation.