The coefficient of determination for the average low temperature (x) and the average monthly electric bill for Richmond is 0.92. Based on this, which would you say is a better variable to use to estimate the monthly electric bill in Richmond, the average high temperature or the average low temperature? Explain your answer.

MATLAB: An Introduction with Applications
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The coefficient of determination for the
average low temperature (x) and the average
monthly electric bill for Richmond is 0.92.
Based on this, which would you say is a better
variable to use to estimate the monthly electric
bill in Richmond, the average high temperature
or the average low temperature? Explain your
answer.
Transcribed Image Text:The coefficient of determination for the average low temperature (x) and the average monthly electric bill for Richmond is 0.92. Based on this, which would you say is a better variable to use to estimate the monthly electric bill in Richmond, the average high temperature or the average low temperature? Explain your answer.
Expert Solution
Step 1

Given:

Coefficient of determination

r2=0.92

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