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The ScamMore Energy Company Is Attempting to Predict Natural Gas

question 61

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The ScamMore Energy Company is attempting to predict natural gas consumption for the month of January. A random sample of 50 homes was used to fit a regression of gas usage (in CCF) using as predictors Temperature = the thermostat setting (degrees Fahrenheit) and Occupants = the number of household occupants. They obtained the following results:  Variable  Coefficient  Std Err  Intercept 21.6844.122 Temperature 0.91420.2918 Occupants 2.2441.315\begin{array} { l c c } \text { Variable } & \text { Coefficient } & \text { Std Err } \\\text { Intercept } & 21.684 & 4.122 \\\text { Temperature } & 0.9142 & 0.2918 \\\text { Occupants } & 2.244 & 1.315\end{array} In testing each coefficient for a significant difference from zero (two-tailed test at ? = .10) , which is the most reasonable conclusion about the predictors?

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Definitions:

Negotiable Instrument

A written document signed by a person who makes an unconditional promise to pay a specific sum of money on demand or at a certain time to the holder of the instrument; an acceptable medium for exchanging value from one person to another.

Criminally Liable

The state of being legally responsible for the commission of a crime, subjecting the individual to criminal prosecution and penalties.

Corporate Officer

An executive or manager who holds a position of authority in a corporation, typically appointed by the board of directors.

Hostile Takeovers

Hostile takeovers are attempts by one company to acquire control of another company against the wishes of the target company's management and board of directors.

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