New plants or make additions to existing facilities

Assignment Help Basic Statistics
Reference no: EM131111383

Firms planning to build new plants or make additions to existing facilities have become very conscious of the energy efficiency of proposed new structures and are interested in the relation between yearly energy consumption and the number of square feet of building shell. The table on p. 552 lists the energy consumption in British thermal units (a BTU is the amount of heat required to raise 1 pound of water 1°F) for 22 buildings that were all subjected to the same climatic conditions. The SAS printout that fits the straight-line model relating BTU consumption, y, to building shell area, x, is shown on p. 553

a. Find the least squares estimates of the intercept ßo and the slope ß1.

b. Investigate the usefulness of the model you develop positively linearly related to the shell area of the building? Test using a = .10.

c. Calculate the observed significance level of the test of part b using the printout. Interpret its value.

d. Find the coefficient of determination r2 and interpret its value.

e. A company wishes to build a new warehouse that will contain 8,000 square feet of shell area. Find the predicted value of energy consumption and a 95% prediction interval on the printout. Comment on the usefulness of this interval.

f. The application of the model you developed in part a Is yearly energy consummation to the warehouse problem of part e is appropriate only if certain assumptions can be made about the new warehouse. What are these assumptions?

Reference no: EM131111383

Questions Cloud

Prepare and post the closing entries for may : Prepare and post the closing entries for May, 2014. Start with Page 4 of the General Journal for the closing entries. Prepare a post-closing trial balance as of May 31, 2014, for Bill's Lawn Care.
Identify a health care facility : In this assignment, you are required to identify a health care facility where you would consider working in the field of health care informatics.
What about the names of usercreated methods : My first method be renamed so that it is in Camel Case? What about the names of usercreated methods that are supplied with the Penguin class of objects?
Perceptions of accounting professors with respect : The perceptions of accounting professors with respect to the present and desired importance of various factors considered in promotion and tenure decisions at major universities was investigated in the Journal of Accounting Education (Spring 1983)..
New plants or make additions to existing facilities : Firms planning to build new plants or make additions to existing facilities have become very conscious of the energy efficiency of proposed new structures and are interested in the relation between yearly energy consumption and the number of squar..
Find how much you will have accumulated : Find how much you will have accumulated in the account at the end of (1) 3 years, (2) 6 years, and (3) 9 years. Use your findings in part a to calculate the amount of interest earned in (1) the first 3 years (years 1 to 3), (2) the second 3 years (ye..
Create and test a generic hop method : Create and test a generic hop method that has three parameters- who, how high, and how far.
Explain which is more risky bonds or common stocks : Explain the relationship between risk and return. Identify an example of risk and return. Explain which is more risky bonds or common stocks. Explain how understanding risk and return will help you in future business ventures.
What is the fermi energy of a neutron : What IE the approximate value of the electron Fermi energy when p , 100 g em 3/ 19. At the average density of a1.4M6,, it = 10 km neutronstar, what is the Fermi energy of a neutron?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Can the average(mean) salary in the population

Complete the problems below and submit your work in an Excel document. Be sure to show all of your work and clearly label all calculations. All statistical calculations will use the Employee Salary Data Set.

  Determine probability that the worker is engaged

If a worker is known to strongly agree with the statementMy current job brings out the most creative ideas" what is the probability that the worker is engaged?

  How many circuits company give to ensure attempted call

The company provide to ensure that an attempted call is blocked (because all circuits are busy) with probability less than 0.01? It is assumed that blocked calls are lost.

  Probability that total number of customers are greater

What is the probability that the total number of customers who enter the supermarket in one day is greater than 11700?

  Method to canadian wage data

Apply Cleveland's method to Canadian wage data from Problem 5. Obtain an estimate using a span found by trial and error. Then obtain estimates using the two cross-validation span selectors. Comment on the graphical comparison between these estimat..

  Prepare the journal entries for blair

Determine the transaction price of the arrangement for Blair Biotech (b) Assuming that regulatory approval was granted on December 20, 2014, and that Blair received the payment from Pang on January 15, 2015, prepare the journal entries for Blair.

  Should you use the binomial distribution

In each situation below, is it reasonable to use a binomial distribution for the random variable X? Give reasons for your answer in each case.

  Question illustrate type i error describe how the

question what is a type i error? explain how the cumulative type i error affects your decision making. how are the two

  What is estimate of average price of houses in sample

A random sample of 9 homes was selected in the neighborhood. What's an estimate of the average price of the houses in the sample?

  Decisions consistent in parts

Are your decisions consistent in parts a and b? Explain why or why not.

  The data on the weight of male and female wolves from two

the data on the weight of male and female wolves from two random samples are as followsfemale 57 84 90 71 71 77 68

  Hospital stays-impact of education-health data

In this case, 40 individuals visited the hospital looking for information and education regarding their diabetes. Since diabetes relates to the body's ability to use glucose, their glucose level was measured.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd