Residual gas Refer to Exercise 38. During March, the average temperature was 46.4°F and Joan used an average of 490 cubic feet of gas per day. Calculate and interpret the residual for this month.

Short Answer

Expert verified

Residual is13.032

Step by step solution

01

Given information

Given the regression line, it can be deduced that:

y=142519.87x

02

Concept

The formula used:Residual=yy

03

Explanation

Joan consumed an average of 490 cubic feet of gas every day, and the average temperature was 46.4 degrees Fahrenheit.

So, we have

x=46.4y=490

Thus, the average gas used per day is as:

y=142519.87x=142519.87(46.4)=503.032

And therefore the residual is calculated as:

Residual=yy=490503.032=13.032

This means that when we used the regression line to make the prediction, we overestimated Joan's average natural gas use by13.032cubic feet per day in a month.

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