Identify the y-intercept and partial regression, Basic Statistics

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Identify the y-intercept and partial regression

Last year's utility bill (in dollars) for a sample of homes is estimated by the multiple regression equation 300 7x₁ + 13x₂, where x₁ is the number of occupants and x² is the number of rooms in the home.

a. Identify the y-intercept and partial regression coefficients.

b. If 3 people live in a 6-room home, what is the estimated bill?

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Basic Statistics: Identify the y-intercept and partial regression

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Basic Statistics: Identify the y-intercept and partial regression

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