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Author Question: Assume you have noted the following prices for books and the number of pages that each book ... (Read 57 times)

Ale

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on: Mar 25, 2023

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.Perform an F test and determine if the price and the number of pages of the books are related. Let α = 0.01.
b.Perform a t test and determine if the price and the number of pages of the books are related. Let α = 0.01.
c.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.

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

Kevin5!

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Reply #1 on: Mar 25, 2023
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Ale

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

rachel

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

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