In: Statistics and Probability
Statistics students in Oxnard College sampled 11 textbooks in
the Condor bookstore and recorded the number of pages in each
textbook and its cost. The bivariate data are shown
below:
Number of Pages (xx) | Cost(yy) |
---|---|
446 | 60.9 |
909 | 134.35 |
430 | 67.5 |
628 | 93.2 |
475 | 67.25 |
504 | 69.6 |
875 | 140.25 |
296 | 41.4 |
214 | 45.1 |
884 | 135.6 |
655 | 106.25 |
A student calculates a linear model
y = x ___ + ____. (Please show your answers to two
decimal places)
Use the model to estimate the cost when number of pages is
547.
Cost = _____ $ (Please show your answer to 2 decimal places.)
Solution:
X | Y | XY | X2 | Y2 | |
446 | 60.9 | 27161.4 | 198916 | 3708.81 | |
909 | 134.35 | 122124.2 | 826281 | 18049.9225 | |
430 | 67.5 | 29025 | 184900 | 4556.25 | |
628 | 93.2 | 58529.6 | 394384 | 8686.24 | |
475 | 67.25 | 31943.75 | 225625 | 4522.5625 | |
504 | 69.6 | 35078.4 | 254016 | 4844.16 | |
875 | 140.25 | 122718.8 | 765625 | 19670.0625 | |
296 | 41.4 | 12254.4 | 87616 | 1713.96 | |
214 | 45.1 | 9651.4 | 45796 | 2034.01 | |
884 | 135.6 | 119870.4 | 781456 | 18387.36 | |
655 | 106.25 | 69593.75 | 429025 | 11289.0625 | |
n = 11
Slope of the regression line is
b = 0.15
Now , y intercept of the line is
a = 0.3955 = 0.40
The equation of the regression line is
= bx + a
y = 0.15 x + 0.40
Now ,
For x = 547 , find the predicted value of y .
Put x = 547 in the regression line equation.
= (0.15*547) + 0.40 = 82.45
Cost = 82.45 $