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How much gas? In Exercise 4(page 158), we examined the relationship between the average monthly temperature and the amount of natural gas consumed in Joan鈥檚 midwestern home. The 铿乬ure below shows the original scatterplot with the least-squares line added. The equation of the least-squares line isy^=142519.87x

(a) Identify the slope of the line and explain what it means in this setting.

(b) Identify the y-intercept of the line. Explain why it鈥檚 risky to use this value as a prediction.

(c) Use the regression line to predict the amount of natural gas Joan will use in a month with an average temperature of 30掳贵.

Short Answer

Expert verified

From the given information

a) The slope b=-19.87. This tells us that the gas consumed is predicted to go down by -19.87cubic feet for each added temperature.

b) The y-intercept is: a=1425

This prediction is of no statistical use unless xcan actually take values near 0that's why it's risky to use this value as a prediction.

c) Joan uses 828.9cubic gas.

Step by step solution

01

Part (a) Step 1: Given Information

It is given in the question that, the equation of the least-squares line is y^=142519.87x

we have to identify the slope of the line and explain what it means in this setting.

02

Part (a) Step 2: Explanation

When we compare our equation to the general regression equation, we get the following slope:

b=-19.87

This means that for each degree of temperature increase, the amount of gas utilized is expected to decrease by -19.87cubic feet.

So, the slope is :localid="1649400045461" b=-19.87

03

Part (b) Step 1: Given Information 

It is given in the question that, the equation of the least-squares line is y^=142519.87x

We have to identify the y-intercept of the line. Explain why it鈥檚 risky to use this value as a prediction

04

Part (b) Step 2: Explanation 

When we compare our equation to the general regression equation, we get the following y-intercept:a=1425

The y-intercept of a regression line y=a+bXis the predicted response ywhen the explanatory variable X=0.

Unless X is near 0, this forecast is not statistically useful, so using this value as a prediction is risky.

05

Part (c) Step 1: Given Information

We have to use the regression line to predict the amount of natural gas Joan will use in a month with an average temperature of 30掳贵.

06

Part (c) Step 2: Explanation

The line of regression is:
y^=142519.87x

The regression equation becomes as follows:

Temperature islocalid="1649927707870" role="math" (X)=30F

So, the equation becomesy=1425-19.87(30)=828.9

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