Question
In: Statistics and Probability
Assume you have noted the following prices for books and the number of pages that each...
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. |
Develop a least-squares estimated regression line. Show your work. Use my Power point slides as your guide (slides 13-37). |
|
b. |
Compute the coefficient of determination using the Excel output (pg. 125) and explain its meaning. |
|
c. d. |
Compute the correlation coefficient between the price and the number of pages using the Excel output (pg. 125) and explain its meaning. Test to see if x and y are related using the Excel output (pg 125). Use α = 0.10. |
SHOW YOUR WORK (There is one question in the test with zero point to upload your file)
Remember: You will receive a zero if your answer is correct but you neglect to attach (or type) your work. Also, specify any equations used.
Solutions
orchestra answered 2 years agoRelated Solutions
Assume you have noted the following prices for books and the number of pages that each...
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 ? = 0.01. b. Perform
a t test and determine if the price and the...
Assume you have noted the following prices for books and the number of pages that each...
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
Required:
a.
Perform an F test and determine if the
price and the number of pages of the books are related.
Let a = 0.01.
b.
Perform a t test and determine if the
price and...
Assume you have noted the following prices for books and the number of pages that each...
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
Required:
a.
Perform an F test and determine if the
price and the number of pages of the books are related.
Let a = 0.01.
b.
Perform a t test and determine if the
price and...
Assume you have noted the following prices for books and the number of pages that each...
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
Required:
a.
Perform an F test and determine if the
price and the number of pages of the books are related.
Let a = 0.01.
b.
Perform a t test and determine if the
price and...
Assume that books from a certain publisher have an average of one misprint every 20 pages....
Assume that books from a certain publisher have an average of
one misprint every 20 pages. (a) What is the probability that a
given page has two or more misprints? (b) What is the probability
that a book of 200 pages has at least one page with two or more
misprints?
3. A particular Intersession stats prof is noted for 2 things: the number of pages of...
3. A particular
Intersession stats prof is noted for 2 things: the number of pages
of notes his students have to write down each night and the number
of pieces of chalk he destroys each night. To see if there is any
relationship between these, a record is kept of the number of pages
of notes his students write during 6 different lectures in June and
the number of pieces of chalk the prof destroys on these nights.
The following...
Greta wants to know what the average number of pages is in the books she’s read...
Greta wants to know what the average number of pages is
in the books she’s read over the last year. She creates a simple
random sample of 10 books she has read in the last year and records
their page numbers below: Summarize the average number of pages,
and the standard deviation of the data set below. In addition to
showing your work, make sure to write a final sentence summarizing
both values.
307
385
412
204
99
252
110...
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You are an audit senior at Sheerin& Associates and have noted the following independent issues in...
You are an audit senior at Sheerin& Associates and have
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Due to increased competitive pressures, Creek Ltdhas recently
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