Fit a simple linear regression model to the data

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Question: The number of pounds of steam used per month at a plant is thought to be related to the average monthly ambient temperature. The past year's usages and temperatures follow.

a. Fit a simple linear regression model to the data.

b. Test for significance of regression.

c. Plant management believes that an increase in average ambient temperature of 1 degree will increase average monthly steam consumption by 10,000 lb. Do the data support this statement?

d. Construct a 99% prediction interval on steam usage in a month with average ambient temperature of 58°.

Reference no: EM131464807

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