The authors of the paper "Power-Load Prediction Based on Multiple Linear Regression Model"t were interested in predicting the load on the electric power system in China using data on y = Power consumption (in hundreds of millions of kwh), x, - Population (in millions), and x2 = Gross domestic product (in billions of dollars), for 21 years. The model equation proposed in the paper is y--113,527 + 0.974x, + 0.057x, + (a) According to this model, what is the mean power consumption (in hundreds of millions of kwh) for a year if the population was 160,000 million and the gross domestic product was 600,000 billion dollars? hundreds of millions of kwh (b) Interpret the value of , in this model. When the gross domestic product V v is fixed, the mean increase in (power consumption (in hundreds of millions of kwh) v v associated with a (1-million unit v increase in (population v is 0.974.

Algebra & Trigonometry with Analytic Geometry
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The authors of the paper "Power-Load Prediction Based on Multiple Linear Regression Model"t were interested in predicting the load on the electric power system in China using data on y = Power consumption (in hundreds of millions of kwh), x,
Population (in millions), and x,
= Gross domestic
%3D
product (in billions of dollars), for 21 years. The model equation proposed in the paper is
y = -113,527 + 0.974x, + 0.057x, + e.
(a) According to this model, what is the mean power consumption (in hundreds of millions of kwh) for a year if the population was 160,000 million and the gross domestic product was 600,000 billion dollars?
hundreds of millions of kwh
(b) Interpret the value of B, in this model.
When the [ gross domestic product v
is fixed, the mean increase in [power consumption (in hundreds of millions of kwh) V
associated with a 1-million unit
increase in [population
is 0.974.
Transcribed Image Text:The authors of the paper "Power-Load Prediction Based on Multiple Linear Regression Model"t were interested in predicting the load on the electric power system in China using data on y = Power consumption (in hundreds of millions of kwh), x, Population (in millions), and x, = Gross domestic %3D product (in billions of dollars), for 21 years. The model equation proposed in the paper is y = -113,527 + 0.974x, + 0.057x, + e. (a) According to this model, what is the mean power consumption (in hundreds of millions of kwh) for a year if the population was 160,000 million and the gross domestic product was 600,000 billion dollars? hundreds of millions of kwh (b) Interpret the value of B, in this model. When the [ gross domestic product v is fixed, the mean increase in [power consumption (in hundreds of millions of kwh) V associated with a 1-million unit increase in [population is 0.974.
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