All Calculations must be done in R using the excel document “Gas_Consumption.xlsx”:1) Plot X=Income and Y=Gas Consumption.2) Describe plot
Part 2 (6 Points):
All Calculations must be done in R using the excel document “Gas_Consumption.xlsx”:
1) Plot X=Income and Y=Gas Consumption.
2) Describe plot #1 and what you notice about the plot?
3) Calculate the Regression Line of #1.
4) Is the X-variable statistically significant?
5) What does the intercept mean?
6) Explain the sign of the intercept and coefficients.
Answer preview for All Calculations must be done in R using the excel document “Gas_Consumption.xlsx”:1) Plot X=Income and Y=Gas Consumption.2) Describe plot
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