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Assume you have noted the following prices for paperback 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 paperback 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 |
Perform an F test and determine if the price and the number of pages of the books are related. Let = 0.01.
Perform a t test and determine if the price and the number of pages of the books are related. Let = 0.01.
show answers using excel functions to solve.
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