A consumer buying cooperative tested the effective heating area of 20 different electric space heaters with...

90.2K

Verified Solution

Question

Statistics

A consumer buying cooperative tested the effective heating areaof 20 different electric space heaters with different wattages.Here are the results.

heaterWattageArea
11,50074
21,000237
31,50050
41,500133
51,50089
62,000285
71,500251
81,250291
91,000121
101,750148
111,750111
121,000254
131,750103
141,000299
151,250115
161,000200
171,750106
181,25074
191,50064
201,25064

1. Compute the correlation between the wattage and heating area.Is there a direct or an indirect relationship? (Round youranswer to 4 decimal places.) 2. Conduct a test ofhypothesis to determine if it is reasonable that the coefficient isgreater than zero. Use the 0.100 significance level. (Roundintermediate calculations and final answer to 3 decimalplaces.) H0: ρ ≤ 0;H1: ρ > 0 RejectH0 if t > 1.330 3. Develop theregression equation for effective heating based on wattage.(Negative value should be indicated by a minus sign. Roundyour answers to 3 decimal places.) 4.  Whichheater looks like the “best buy” based on the size of the residual?(Round residual value to 3 decimal places.)

Answer & Explanation Solved by verified expert
3.9 Ratings (395 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students