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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
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. Show your work. |
b. | Compute the coefficient of determinationusing the Excel output and explain its meaning. |
c. d. | Compute the correlation coefficient between the price and the number of pagesusing the Excel output and explain its meaning. Test to see if x and y are related using the Excel output Use= 0.10. |
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