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Here Are Data About the Average January Low Temperature in Cities

question 5

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Here are data about the average January low temperature in cities in the United States, and factors that might allow us to
predict temperature. The data, available for 55 cities, include: $Here are data about the average January low temperature in cities in the United States, and factors that might allow us to predict temperature. The data, available for 55 cities, include: We will attempt to make a regression model to help account for mean January temperature and to understand the effects of the various predictors. At each step of the analysis you may assume that things learned earlier in the process are known. Units Note: The degrees of temperature, given here on the Fahrenheit scale, have only coincidental language relationship to the degrees of longitude and latitude. The geographic degrees are based on modeling the Earth as a sphere and dividing it up into 360 degrees for a full circle. Thus 180 degrees of longitude is halfway around the world from Greenwich, England (0°) and Latitude increases from 0 degrees at the Equator to 90 degrees of (North) latitude at the North Pole. -Here is the corresponding regression table: Dependent variable is: JanTemp \mathrm { R } squared = 71.9 \% \quad \mathrm { R } squared (adjusted) = 71.3 \% s = 7.222 with 55 - 2 = 53 degrees of freedom \begin{array}{lllll} \text { Source } & \text { Sum of Squares } & \text { df } & \text { Mean Square } & \text { F-ratio } \\ \text { Regression } & 7061.32 & 1 & 7061.32 & 135 \\ \text { Residual } & 2764.21 & 53 & 52.1549 & \end{array} \begin{array}{lllll} \text { Variable } & \text { Coefficient } & \text { SE(Coeff) } & \text { t-ratio } & \text { P-value } \\ \text { Intercept } & 108.805 & 7.146 & 15.2 & \leq 0.0001 \\ \text { Lat } & -2.11114 & 0.1814 & -11.6 & \leq 0.0001 \end{array} Write a brief report based on this regression. Explain in words and numbers what this equation says about the relationship between average January low temperature and latitude. Discuss the R2 value and t-ratios.$ We will attempt to make a regression model to help account for mean January temperature and to understand the effects of
the various predictors.
At each step of the analysis you may assume that things learned earlier in the process are known.
Units Note: The "degrees" of temperature, given here on the Fahrenheit scale, have only coincidental language relationship to
the "degrees" of longitude and latitude. The geographic "degrees" are based on modeling the Earth as a sphere and dividing it
up into 360 degrees for a full circle. Thus 180 degrees of longitude is halfway around the world from Greenwich, England
(0°) and Latitude increases from 0 degrees at the Equator to 90 degrees of (North) latitude at the North Pole. $Here are data about the average January low temperature in cities in the United States, and factors that might allow us to predict temperature. The data, available for 55 cities, include: We will attempt to make a regression model to help account for mean January temperature and to understand the effects of the various predictors. At each step of the analysis you may assume that things learned earlier in the process are known. Units Note: The degrees of temperature, given here on the Fahrenheit scale, have only coincidental language relationship to the degrees of longitude and latitude. The geographic degrees are based on modeling the Earth as a sphere and dividing it up into 360 degrees for a full circle. Thus 180 degrees of longitude is halfway around the world from Greenwich, England (0°) and Latitude increases from 0 degrees at the Equator to 90 degrees of (North) latitude at the North Pole. -Here is the corresponding regression table: Dependent variable is: JanTemp \mathrm { R } squared = 71.9 \% \quad \mathrm { R } squared (adjusted) = 71.3 \% s = 7.222 with 55 - 2 = 53 degrees of freedom \begin{array}{lllll} \text { Source } & \text { Sum of Squares } & \text { df } & \text { Mean Square } & \text { F-ratio } \\ \text { Regression } & 7061.32 & 1 & 7061.32 & 135 \\ \text { Residual } & 2764.21 & 53 & 52.1549 & \end{array} \begin{array}{lllll} \text { Variable } & \text { Coefficient } & \text { SE(Coeff) } & \text { t-ratio } & \text { P-value } \\ \text { Intercept } & 108.805 & 7.146 & 15.2 & \leq 0.0001 \\ \text { Lat } & -2.11114 & 0.1814 & -11.6 & \leq 0.0001 \end{array} Write a brief report based on this regression. Explain in words and numbers what this equation says about the relationship between average January low temperature and latitude. Discuss the R2 value and t-ratios.$
-Here is the corresponding regression table: Dependent variable is: JanTemp
$\mathrm { R }$ squared $= 71.9 \% \quad \mathrm { R }$ squared (adjusted) $= 71.3 \%$
$s = 7.222$ with $55 - 2 = 53$ degrees of freedom

$\begin{array}{lllll}\text { Source } & \text { Sum of Squares } & \text { df } & \text { Mean Square } & \text { F-ratio } \\\text { Regression } & 7061.32 & 1 & 7061.32 & 135 \\\text { Residual } & 2764.21 & 53 & 52.1549 &\end{array}$

$\begin{array}{lllll}\text { Variable } & \text { Coefficient } & \text { SE(Coeff) } & \text { t-ratio } & \text { P-value } \\\text { Intercept } & 108.805 & 7.146 & 15.2 & \leq 0.0001 \\\text { Lat } & -2.11114 & 0.1814 & -11.6 & \leq 0.0001\end{array}$

Write a brief report based on this regression. Explain in words and numbers what this
equation says about the relationship between average January low temperature and
latitude. Discuss the R2 value and t-ratios.

Definitions:

Contribution Margin

The amount remaining from sales revenue after variable costs have been subtracted, used to cover fixed costs and to generate profit.

Production Capacity

The maximum amount of goods or services that can be produced in a given time period with available resources.

Materials Markup

An amount added to the cost of materials to cover overhead and profit in the pricing of products.

Time and Materials Pricing

A billing method where customers are charged based on the actual time spent on a project and the cost of materials used.