A research company has been hired by a realty company to do an analysis of heating cost of homes in the region. The realty company wanted to be able to predict the heating cost of a typical single-family home. The realty company was constantly being asked questions regarding heating costs by potential home buyers. It was believed that these variables would impact heating costs (Y'): mean daily

outdoor temperature (X1), the number of inches of insulation (X2), and the age in years of the furnace ...

i have seen the formula but i could not see the statement. Maybe you need to make it complete.

Expert answered|batotoy|Points 50|

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Asked 11/7/2011 6:39:54 PM

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A survey of hotels found that the average hotel room rate in New Orleans is $88.42 and the average room rate in Phoenix is $80.61. The survey sampled 50 hotels in each city. The standard deviations were $5.62 and $4.83, respectively. At alpha=.05, it can be concluded that there is a significant different in the rates?

Weegy: The difference in rate between New Orleans and Phoenix is $7.81 User: The accountant for Thomas’s Furniture Store is concerned regarding the outstanding receivable owed the company. There has been a cash flow problem and it is believed that the slow collection of accounts receivable is partially the blame. The accountant believes that 40% of the present accounts are more than 4 months behind in making payments. To be able to make a ... (More)

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Asked 11/7/2011 5:49:18 PM

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What is the variable used to predict another variable called?
A. Independent variable
B. Dependent variable
C. Moderating variable
D. Intervening variable

Weegy: A) Independent variable is the variable used to predict another variable. (More)

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Asked 11/7/2011 6:31:00 PM

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A test is conducted in eight cities to see if giving away free transit system maps will increase bus ridership. In a regression analysis, the dependent variable is the increase in bus ridership in thousands of persons from the start of the test until its conclusion. The independent variables are X1 = the number in thousands of free maps distributed and X2 = a binary equal to 1, if the city has free downtown parking and 0 otherwise. The estimated regression equation is Y = 1.32 .0345X1-1.45X2. ...

Weegy: The estimated regression equation for Y should be Y = 1.32+.0345X1-1.45X2. There is error in your given equation. And the answer for that equation will be 1.15 (More)

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Asked 11/7/2011 6:52:29 PM

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