A research company has been hired by a reality companyto do an analysis of heati

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A research company has been hired by a reality companyto do an analysis of heating cost of homes in the region. Thereality company wanted to be able to predict the heating cost of atypical single family home. The realtor company was constantlybeing asked questions regarding heating costs by potential homebuyers. It was believed that these variables would impact heatingcosts (Y): mean daily outdoor temperature (X1) the number ofinches of insulation (X2) the age in years of the furnace (X3).The multiple regression analysis produced the following regressionequation: Y = 427.2 4.58X1 14.83X2 + 6.10X3. Which statementis correct based on this analysis?

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