Purchase Solution

Office Building Temperatures

Not what you're looking for?

Ask Custom Question

The owner of an office building studies heating cost versus daily high temperatures. He records the following data:

Temperature (deg C) @ Cost ($100)
-------------------------------

1 @ 9
4 @ 5
6 @ 3
10 @ 2

He proposes a regression equation to predict the cost of heating the building.

What is the predicted heating cost for a day with a high temperature of 8 degrees C and what is the correlation coefficient?

Purchase this Solution
Solution Summary

The soltuion addresses the fact that the owner of an office building studies heating cost versus daily high temperatures and his data recording.

Solution Preview

The Regression equation to predict the cost of heating will be
<br>Y=aX+b
<br>where Y is the predicted cost
<br>X is the high temperature
<br>a is the coefficient of the first variable (temperature) and
<br>b is the intercept.
<br>Our given data ...

Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

View More Free Quizzes
Related BrainMass Solutions

  • Basket Purchase

    Land, $280,000; warehouse, $180,000; office building, $340,000. b. Land, $300,000; warehouse, $200,000; office building, $400,000. c. Land, $299,250; warehouse, $192,375; office building, $363,375. d.

  • Measurement, continuous, discrete, statistic, parameter

    of eight different plastic spheres Identify each example as continuous or discrete: 1. the average height of all freshman entering college in a certain year is 68.4 inches. 2. the number of stories in a Manhattan building is 22 3. the number

  • present value of the inflows

    159013 You are contemplating the purchase of an office building. You are contemplating the purchase of an office building. Next year net rental income will be $400,000, which will grow at 4% per year.

  • Excel Problem dealing with management accounting

    What if the rent on the office building goes up to $28,000. Which statements will change? What will be the new net income?

  • Linear Algebra : Calculating heat loss through a wall

    72907 Linear Algebra : Calculating heat loss through a wall Engineers use the concept of thermal resistance R to predict the rate of heat loss through a building wall in order to determine the heating system's requirements.

  • Decision making using expected value and std deviation

    building.

  • Fixed costs

    charges) Rent on office building utility cost on office building (Fixed Rental portion, that is minimum subscription charges) Advertising costs (Initial advertising) This provide the example of fixed costs

  • Purchase of an Office Building

    135272 Purchase of an Office Building You are contemplating the purchase of an office building. Next year net rental income will be $400,000, which will grow at 4% per year.

  • Net Present Value of Construction of an Office Building

    226506 Net Present Value of Construction of an Office Building Analyzing in another problem, the possible construction of an office building on a plot of land appraised at $50,000.

View More Related Solutions