Question

In: Statistics and Probability

Statistics students in Oxnard College sampled 11 textbooks in the Condor bookstore and recorded the number...

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)
761 66.27
855 57.85
681 60.67
658 42.06
218 24.26
587 44.09
973 72.11
925 68.75
672 45.04
426 28.82
243 28.01



A student calculates a linear model
yy =  xx + . (Please show your answers to two decimal places)
Use the model to estimate the cost when number of pages is 471.
Cost = $ (Please show your answer to 2 decimal places.)

Solutions

Expert Solution

Solution :

X Y XY X^2 Y^2
761 66.27 50431.47 579121 4391.7129
855 57.85 49461.75 731025 3346.6225
681 60.67 41316.27 463761 3680.8489
658 42.06 27675.48 432964 1769.0436
218 24.26 5288.68 47524 588.5476
587 44.09 25880.83 344569 1943.9281
973 72.11 70163.03 946729 5199.8521
925 68.75 63593.75 855625 4726.5625
672 45.04 30266.88 451584 2028.6016
426 28.82 12277.32 181476 830.5924
n 10
sum(XY) 376355.46
sum(X) 6756.00
sum(Y) 509.92
sum(X^2) 5034378.00
sum(Y^2) 28506.31
Numerator 318535.08
Denominator 343098.05
r 0.9284
r square 0.8619
Xbar(mean) 675.6000
Ybar(mean) 50.9920
SD(X) 201.1207
SD(Y) 14.1236
b 0.0678
a 5.2067

A student calculates a linear model
y = 0.07 x + 5.21

Cost = 0.0678 * 471 + 5.2067 = $37.14


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