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The average cost (COST) of heating a home is a function of o…

Posted byAnonymous March 7, 2025March 7, 2025

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The аverаge cоst (COST) оf heаting a hоme is a function of outside Temperature (TEMP), thickness of Insulation (INSUL) and Age of furnace (AGE). Data is collected on these variables and a regression analysis is done on the data. An incomplete MS Excel output is shown below.   Regression Statistics         Multiple R           R Square           Adjusted R Square           Standard Error           Observations                        ANOVA             df SS MS F Signifcance F Regression   171220       Residual           Total 19 212916                     Coefficients Standard Error t Stat P-Value Lower 95% Intercept 427 59.6 7.17     TEMPT (X1)   0.7723 -5.93     INSUL (X2) -14.8 4.754       AGE (X3) 12.1 4.012         The value of R-Square is: 

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