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In: Statistics and Probability

A consumer buying cooperative tested the effective heating area of 20 different electric space heaters with...

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.

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