Multiple Choice
SCENARIO 18-2 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( ![SCENARIO 18-2 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( ) , the amount of insulation in inches ( ) , the number of windows in the house ( ) , and the age of the furnace in years ( ) .Given below are the EXCEL outputs of two regression models. -Referring to Scenario 18-2, what is the 90% confidence interval for the expected change in heating costs as a result of a 1-degree Fahrenheit change in the daily minimum outside temperature using Model 1? A) [-6.58, -3.65] B) [-6.24, -2.78] C) [-5.94, -3.08] D) [-2.37, 15.12]](https://d2lvgg3v3hfg70.cloudfront.net/TB8562/11ebc114_12df_b78c_8acb_4768321392bf_TB8562_11.jpg)
) , the amount of insulation in inches ( ![SCENARIO 18-2 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( ) , the amount of insulation in inches ( ) , the number of windows in the house ( ) , and the age of the furnace in years ( ) .Given below are the EXCEL outputs of two regression models. -Referring to Scenario 18-2, what is the 90% confidence interval for the expected change in heating costs as a result of a 1-degree Fahrenheit change in the daily minimum outside temperature using Model 1? A) [-6.58, -3.65] B) [-6.24, -2.78] C) [-5.94, -3.08] D) [-2.37, 15.12]](https://d2lvgg3v3hfg70.cloudfront.net/TB8562/11ebc114_12df_b78d_8acb_21329fdbf67f_TB8562_11.jpg)
) , the number of windows in the house ( ![SCENARIO 18-2 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( ) , the amount of insulation in inches ( ) , the number of windows in the house ( ) , and the age of the furnace in years ( ) .Given below are the EXCEL outputs of two regression models. -Referring to Scenario 18-2, what is the 90% confidence interval for the expected change in heating costs as a result of a 1-degree Fahrenheit change in the daily minimum outside temperature using Model 1? A) [-6.58, -3.65] B) [-6.24, -2.78] C) [-5.94, -3.08] D) [-2.37, 15.12]](https://d2lvgg3v3hfg70.cloudfront.net/TB8562/11ebc114_12df_b78e_8acb_97686a9ed104_TB8562_11.jpg)
) , and the age of the furnace in years ( ![SCENARIO 18-2 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( ) , the amount of insulation in inches ( ) , the number of windows in the house ( ) , and the age of the furnace in years ( ) .Given below are the EXCEL outputs of two regression models. -Referring to Scenario 18-2, what is the 90% confidence interval for the expected change in heating costs as a result of a 1-degree Fahrenheit change in the daily minimum outside temperature using Model 1? A) [-6.58, -3.65] B) [-6.24, -2.78] C) [-5.94, -3.08] D) [-2.37, 15.12]](https://d2lvgg3v3hfg70.cloudfront.net/TB8562/11ebc114_12df_b78f_8acb_79e842e1ae1a_TB8562_11.jpg)
) .Given below are the EXCEL outputs of two regression models. ![SCENARIO 18-2 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) .To provide its customers with information on that matter, a large real estate firm used the following 4 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( ) , the amount of insulation in inches ( ) , the number of windows in the house ( ) , and the age of the furnace in years ( ) .Given below are the EXCEL outputs of two regression models. -Referring to Scenario 18-2, what is the 90% confidence interval for the expected change in heating costs as a result of a 1-degree Fahrenheit change in the daily minimum outside temperature using Model 1? A) [-6.58, -3.65] B) [-6.24, -2.78] C) [-5.94, -3.08] D) [-2.37, 15.12]](https://d2lvgg3v3hfg70.cloudfront.net/TB8562/11ebc114_12df_b790_8acb_9117685b3479_TB8562_00.jpg)
-Referring to Scenario 18-2, what is the 90% confidence interval for the expected change in heating costs as a result of a 1-degree Fahrenheit change in the daily minimum outside temperature using Model 1?
A) [-6.58, -3.65]
B) [-6.24, -2.78]
C) [-5.94, -3.08]
D) [-2.37, 15.12]
Correct Answer:
Verified
Correct Answer:
Verified
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