Question
Assume you have noted the following prices for books and the number of pages that each book contains. Book Pages (x) Price (y) AB
Assume you have noted the following prices for books and the number of pages that each book contains. Book Pages (x) Price (y) AB 500 $7.00 700 7.50 C 750 9.00 D 590 6.50 E 560 7.50 F 650 7.00 475 5.00 G a. b. C. Perform an F test and determine if the price and the number of pages of the books are related. Let a = .01. Perform a t test and determine if the price and the number of pages of the books are related. Let a=.01. Develop a 90% confidence interval for estimating the average price of books that contain 800 pages. d. Develop a 90% confidence interval to estimate the price of a specific book that has 800 pages.
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Get StartedRecommended Textbook for
Operations Management Creating Value Along the Supply Chain
Authors: Roberta S. Russell, Bernard W. Taylor, Ignacio Castillo, Navneet Vidyarthi
1st Canadian Edition
978-1-118-3011, 1118942051, 1118942055, 978-1118301173
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