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Question 5 of 7 View Policies Current Attempt in Progress While browsing through a magazine rack at a bookstore, a statistician decides to examine the

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Question 5 of 7 View Policies Current Attempt in Progress While browsing through a magazine rack at a bookstore, a statistician decides to examine the relationship between the price of a magazine and the percentage of the magazine space that contains advertisements. The data are given In the following table. Percentage 37 43 58 49 70 28 65 32 containing ads Price (S) 5.50 6.95 4.95 5.75 3.95 8.25 5.50 6.75 a. Construct a scatter diagram for these data, Does the scatter diagram exhibit a linear relationship between the percentage of a magazine's space containing ads and the price of the magazine? Yes No. Textbook and Media b. Find the estimated regression equation of price on the percentage of space containing ads. Round your answers to four decimal places + 18 eTextbook and Media C. Interpret the meaning of the values of a and b calculated in part b is the Bis the eTextbook and Media Question 5 of 7 eTextbook and Media e. Predict the price of a magazine with 56% of its space containing ads. Round your answer to two decimal places. eTextbook and Media [. Estimate the price of a magazine with 98% of its space containing ads. Round your answer to two decimal places. Why should we have little confidence in this estimate? @Textbook and Media

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