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In a Study of 30 Customers' Utility Bills in Which

Question 136

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In a study of 30 customers' utility bills in which the monthly bill was the dependent variable and the number of square feet in the house is the independent variable,the resulting regression model is In a study of 30 customers' utility bills in which the monthly bill was the dependent variable and the number of square feet in the house is the independent variable,the resulting regression model is = 23.40 + 0.4x.Given this model,for a customer with a 2,000 square foot house and a monthly utility bill equal to $100.00,the residual from the regression model is approximately -$3.40. = 23.40 + 0.4x.Given this model,for a customer with a 2,000 square foot house and a monthly utility bill equal to $100.00,the residual from the regression model is approximately -$3.40.

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