The data for hard drives in Exercise 6 omitted a 200 GB drive that sold for $299.00.

Question:

a) Find the regression line predicting Price from Capacity with this hard drive added.

b) What has changed from the original regression equation?

c) Is the new point a high leverage point or an influential point?

d) Does the new point have a large residual? Explain.

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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Question Posted: Sep 19, 2024 02:28 PM

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The data for hard drives in Exercise 6 omitted a 200 GB drive that sold for $299.00.

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Business Statistics

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