Electric Usage Narrative the Power Company Claims the Amount of Electricity Used by Electricity

question 100

Essay

Electric Usage Narrative
The power company claims the amount of electricity used by a house (y) depends on = square metres of heated space, = mean outside temperature, and = mean hours of sunlight per day. Partial statistical software output is given below.
Regression Analysis
The regression equation is = 357 + 0.808 - 16.6 + 40 S = 267.7 R-sq = 82.0% R-sq(adj) = 76.6%
Analysis of Variance
-Refer to Electric Usage Narrative. Obtain a point prediction of the electricity use for a home that has 300 m² of space, an outside temperature of 3°C, and 10.2 hours of sunlight.

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Definitions:

Flat Fee

A pricing structure where a single fixed charge is applied for a service, irrespective of usage or time required.

Intangible Benefits

These are advantages that cannot be easily measured in monetary terms, such as brand reputation or employee morale.

Discount Rate

The rate used in discounted cash flow analysis to determine the present value of future cash flows, reflecting the opportunity cost of capital.

Salvage Value

The estimated residual value of an asset at the end of its useful life, important for calculating depreciation.