Determine the correct value of the slope for the linear model that predicts gas bill price from monthly temperature and interpret it in context.
Data were recorded for 117 months on a household's gas bill (in dollars) and the average monthly temperatures for its neighborhood. The
22) Determine the correct value of the slope for the linear model that predicts gas bill price from monthly temperature and interpret it in context.
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The slope is - 2.97. For every one degree increase in monthly temperature, the gas bill price is predicted to decrease by $2.97.
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The slope is - 0.28. For every one degree increase in monthly temperature, the gas bill price is predicted to decrease by $0.28.
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The slope is - 2.97. For every one dollar increase in gas bill price, the monthly temperature is predicted to decrease by 2.97°.
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The slope is - 0.28. For every one dollar increase in gas bill price, the monthly temperature is predicted to decrease by 0.28°.
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