Assume you have noted the following prices for books and the number of pages that each book
Question:
Assume you have noted the following prices for books and the number of pages that each book contains.
Book Pages (x) Price (y)
A 500 $7.00
B 700 7.50
C 750 9.00
D 590 6.50
E 540 7.50
F 650 7.00
G 480 4.50
a. Develop a least-squares estimated regression line.
b. Compute the coefficient of determination and explain its meaning.
c. Compute the correlation coefficient between the price and the number of pages. Test to see if x and y are related. Use ? = 0.10.
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Step by Step Answer:
a Estimated regression equation Now we find the regression equation for the given data y b ...View the full answer
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Related Book For 
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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