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Use the following information to answer the question(s) below.

Delmarva Power is a utility company that would like to predict the monthly heating bill for a household in Kent County during the month of January. A random sample of 18 households in the county were selected and their January heating bill recorded. This data is shown in the table below along with the square footage of the house (SF), the age of the heating system in years (Age,) and the type of heating system (heat pump = 1 or natural gas = 0).



Show the calculations for the test statistic for each regression coefficient for the heating bill model using α = 0.05 and interpret the results.
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Business Statistics

Business Statistics


Edition: 2nd
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