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

Develop a least-squares estimated regression line. Show your work. Use my Power point slides as your guide (slides 13-37).

Compute the coefficient of determination using the Excel output (pg. 125) and explain its meaning.

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.

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Expert Solution

orchestra answered 1 year ago

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