Here Are Data About the Average January Low Temperature in Cities

question 23

Essay

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 a partial regression plot for the coefficient of Long in the regression with a least
squares regression line added to the display:
What is the slope of the line on this display? Does the display suggest that this slope
adequately summarizes the effect of longitude in the regression? Why/Why not?

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Definitions:

Effective Rate

The actual interest rate an investor receives after the effects of compounding interest are taken into account.

Compounding Interval

The period of time at the end of which interest is added to the principal balance of an investment or loan.

Interest

The charge for borrowing money or the return on invested capital, generally expressed as a percentage rate.

Furniture

Movable objects intended to support various human activities such as seating, eating, and sleeping, as well as to hold objects or store items.