What is the value of the coefficient of determination, r2

Assignment Help Basic Statistics
Reference no: EM13949817

Week

Fuel Consumption

Average HourlyTemperature

Chill Index

Y

X1

X2

(MMcf)

(0F)

 

1

30

28

10

2

25

30

12

3

22

32

15

4

18

39

18

5

15

42

18

6

12

45

20

7

10

55

18

8

10

52

25

9

9

45

22

10

7

35

26

Tools/Data Analysis/Regression

Y variable cell range
X variable cell range
check label box, residual plot box and line fit plot

The following problems are to be solved by Excel and/or MegaStat. You need to find the values on the excel regression solutions and interpret them. Part 1 is a simple linear regression as done in the chapter 13 assignment. You should only include Y (fuel consumption) and X1 (temperature) for this analysis. Part 2 is a multiple regression and its solution is just an extension of the linear regression solution. Now you should enter the Y values and both of the X values at the same time. Be sure to include your regression solutions/printouts in your submission using copy/paste.

It was felt by the local utility company that fuel consumption (natural gas) in their small town would be affected by temperature. The following data (ordered by Fuel consumption) was collected for 10 weeks during the winter. FIRST, conduct a linear regression analysis between fuel consumption, Y, and temperature, X1, using Excel or MegaStat. Use alpha = 0.05 and 1.01 for t-tests.

a. What is the Bivariate regression equation using only the first two variables? Interpret it and predict fuel consumption at temperature equal to 50 degrees.

b. Is the slope coefficient in the linear regression model between temperature and fuel consumption statistically significant at alpha=.05 and 0.01? How do you know? Show your test.

c. What is the value of the correlation coefficient, (r)? Interpret. What is the value of the coefficient of determination, R2? Interpret. What is the value of the standard error of the estimate, se?

Reference no: EM13949817

Questions Cloud

Application of citric acid : The U.S. Food and Drug Administration (FDA) has long permitted the application of citric acid, ascorbic acid, and other substances to keep fresh meat looking red longer. In 2002, the FDA began allowing meat to be treated with carbon monoxide.
Publications of disciplines : The second law of thermodynamics is sometimes cited in publications of disciplines far removed from engineering and science, including but not limited to philosophy, economics, and sociology.
Power cycles operating between the same : Answer the following true or false. Explain. (a) The second Carnot corollary states that all power cycles operating between the same two thermal reservoirs have the same thermal efficiency.
Convert the first normal form to second normal form : Convert each of the previously identified entities to third normal form. Make certain that the necessary foreign keys have been added to the final tables to support the relationship shown on your initial ER model.
What is the value of the coefficient of determination, r2 : Is the slope coefficient in the linear regression model between temperature and fuel consumption statistically significant at alpha=.05 and 0.01? How do you know? Show your test.
Maximum thermal efficiency of any power cycle : The maximum thermal efficiency of any power cycle operating between hot and cold thermal reservoirs at 10008C and 5008C, respectively, is 50%.
Problem regarding the isothermal compression : One-tenth  kilogram  of  air  as  an  ideal  gas  with  k  5  1.4 executes a Carnot refrigeration cycle, as shown in Fig. 5.16. The  isothermal  expansion  occurs  at  2238C  with  a  heat transfer  to  the  air  of  3.4  kJ.  The  isothermal  com..
What level of concurrency is best supported by mimd computer : Could someone please explain to me what are the three levels of concurrency in programs?

Reviews

Write a Review

Basic Statistics Questions & Answers

  A government agency has specialists who analyze the

a government agency has specialists who analyze the frequencies of letters of the alphabet in an attempt to decipher

  How many will have distinct digits and distinct letters

License plates in the state of Maryland consist of three letters of the alphabet followed by three digits. How many will have distinct digits and distinct letters

  Find confidence interval for population mean-annual growth

Find a 90% confidence interval for the population mean of annual growth (of those trees with an initial size of 2.41-2.60 centimeters).

  Decision rule in chicken delight claims

Chicken Delight claims that 84 percent of its orders are delivered within 10 minutes of the time the order is placed. A sample of 70 orders revealed that 55 were delivered within the promised time.

  Information of sample hypothesis testing

Identify the formal hypothesis testing process. Perform a hypothesis test of one proportion.

  A random variable y has unknown mean micro and standard

a random variable y has unknown mean micro and standard deviation 20. what is the sample size n needed so that the 99

  How does austen represent masculinity

How does Austen represent masculinity? What types of men does the depict? Is there an ideal representation of masculinity? Consider Sense and Sensibility as a "conduct" manual and analyze the "advice" Austen is offering to young women.

  Confidence interval population proportion

In a study of human blood types in nonhuman primates, a sample of 71 orangutans were tested and 14 were found to be blood type B. Construct a 95% confidence interval for the population proportion of blood type B in the orangutan population.

  Probability that less than 64 patients will not be satisfied

According to a hospital administrator, historical records over the past 10 years have shown that 20 percent of major surgery patients are dissatisfied with after-surgery care in the hospital. A scientific poll based on 400 hospital patients has ju..

  For the variable length of hospital stay determine the

n the article a multifactorial intervention program reduces the duration of delirium length of hospitalization and

  Normal distribution of a particular machine

The thickness of metal plates made by a particular machine are normally distributed with mean of 4.3 mm and standard deviation of .0.12 mm. What is the value of c for which there is 80% probability that a metal plate has a thickness with in the in..

  Explanation to expected return

Assume the risk-free interest is 5%. If WT borrows $100 million today at this rate and uses the proceeds to pay an immediate cash dividend, what will be the market value of its equity just after the dividend is paid, according to MM?

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