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Author Question: Assume you have noted the following prices for paperback books and the number of pages that each ... (Read 21 times)

allihubbard

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on: Mar 25, 2023

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


 

a.Develop a least-squares estimated regression line.
b.Compute the coefficient of determination and explain its meaning.
c.Compute the correlation coefficient between the price and the number of pages. Test to see if x and y are related. Use α = 0.10.

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by allihubbard on Mar 25, 2023

mllong

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Reply #1 on: Mar 25, 2023
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allihubbard

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Reply 2 on: Mar 25, 2023
Wow, this really help

TheNamesImani

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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