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The Data Below Are the Average Monthly Temperatures, In F,{ } ^ { \circ } \mathrm { F } ,

question 48

Short Answer

The data below are the average monthly temperatures, in F,{ } ^ { \circ } \mathrm { F } , and the monthly natural gas consumption, in ccf,
for a household in northwestern Pennsylvania. Construct a 90% prediction interval for y, the monthly gas
consumption, given x = 50F50 ^ { \circ } \mathrm { F } \text {. } Round interval to two decimal places.  Temperature 473521273948616570 Consumption 34169248134137100193412\begin{array} { l | c c c c c c c c c } \text { Temperature } & 47 & 35 & 21 & 27 & 39 & 48 & 61 & 65 & 70 \\\hline \text { Consumption } & 34 & 169 & 248 & 134 & 137 & 100 & 19 & 34 & 12\end{array}

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Definitions:

Marginal Utility Curve

A graphical representation showing the relationship between the quantity of a good consumed and the marginal utility (satisfaction) derived from it.

Negative

Refers to a detrimental or adverse condition, effect, or impact.

Marginal Utility

The change in satisfaction or utility that a person receives from consuming one additional unit of a good or service.

Total Utility

The total satisfaction or value a consumer receives from consuming a particular quantity of goods or services.

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