An air conditioning and heating repair firm conducted a study to determine if the average outside temperature,thickness of the insulation,and age of the heating equipment could be used to predict the electric bill for a home during the winter months in Houston,Texas.The resulting regression equation was:
Y = 256.89 - 1.45X₁ - 11.26X₂ + 6.10X₃,where Y = monthly cost,X₁ = average temperature,X₂ = insulation thickness,and X₃ = age of heating equipment
(a)If December has an average temperature of 45 degrees and the heater is 2 years old with insulation that is 6 inches thick,what is the forecasted monthly electric bill?
(b)If January has an average temperature of 40 degrees and the heating equipment is 12 years old with insulation that is 2 inches thick,what is the forecasted monthly electric bill?

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The Answer of An air conditioning and heating repair firm conducted a study to determine if the average outside temperature,thickness of the insulation,and age of the heating equipment could be used to predict the electric bill for a home during the winter months in Houston,Texas.The resulting regression equation was: Y = 256.89 - 1.45X₁ - 11.26X₂ + 6.10X₃,where Y = monthly cost,X₁ = average temperature,X₂ = insulation thickness,and X₃ = age of heating equipment (a)If December has an average temperature of 45 degrees and the heater is 2 years old with insulation that is 6 inches thick,what is the forecasted monthly electric bill? (b)If January has an average temperature of 40 degrees and the heating equipment is 12 years old with insulation that is 2 inches thick,what is the forecasted monthly electric bill?

An Air Conditioning and Heating Repair Firm Conducted a Study