question archive The local utility company surveys 101 randomly selected customers
The local utility company surveys 101 randomly selected customers
Subject:StatisticsPrice: Bought3
The local utility company surveys 101 randomly selected customers. For each survey participant, the company collects the following: annual electric bill (in dollars) and home size (in square feet). Output from a regression analysis appears below.Regression equation: Annual bill = 0.55 * Home size + 15PredictorCoefSE CoefTPConstant1535.00.00Home size0.550.242.290.01Is there a significant linear relationship between annual bill and home size? Use a 0.01 level of significance.
