Statistics students in Oxnard College sampled 10 textbooks in the Condor bookstore, and recorded number of pages in each textbook and its cost. The bivariate data is shown below,Number of Pages (xx)Cost(yy)799117.8756073.8973135.4944160.33752101.76721109.7341351.69947136.11941131.3354970.37A student calculates a linear modelyy =  xx + . (Please show your answers to two decimal places)Use the model above to estimate the cost when number of pages is 629Cost = $ (Please show your answer to 2 decimal places.)

Question
Asked Mar 7, 2020
9 views

Statistics students in Oxnard College sampled 10 textbooks in the Condor bookstore, and recorded number of pages in each textbook and its cost. The bivariate data is shown below,

Number of Pages (xx) Cost(yy)
799 117.87
560 73.8
973 135.49
441 60.33
752 101.76
721 109.73
413 51.69
947 136.11
941 131.33
549 70.37



A student calculates a linear model
yy =  xx + . (Please show your answers to two decimal places)

Use the model above to estimate the cost when number of pages is 629
Cost = $ (Please show your answer to 2 decimal places.)

check_circle

Expert Answer

Step 1

Regression:

The regression analysis is conducted here by using EXCEL. The software procedure is given below:

  • Enter the data.
  • Select Data > Data Analysis > Regression> OK.
  • Enter Input Y Range as Cost.
  • Enter Input X Range as Number of pages.
  • Click OK.

 

Step 2

The output using EXCEL is as follows:

Statistics homework question answer, step 2, image 1

...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.

Related Statistics Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: True or False? If a 95% confidence interval for the difference in two independent means is (2.1 to 4...

A: A confidence interval including 0 means the difference is not significant.

question_answer

Q: Solve task from image

A: The mean of each of the provided data sets is 10. (a) The data set which has the least deviation fro...

question_answer

Q: Select the most appropriate response. One normal distribution has a mean of 34 and a standard deviat...

A: The provided values of mean and sample standard deviation for both the distributions are:

question_answer

Q: in the colorado lottery game, balls are allowed from 1 to 42. six balls are drawn, to win the jackpo...

A: Given data Balls are allowed from 1 to 42 No of balls drawn = 6 No of ways 6 balls can be drawn, whe...

question_answer

Q: 7. True or False? Greenwood’s formula allows one to calculate the standard error of the survival est...

A:  

question_answer

Q: Given that x is a normal variable with mean μ = 111 and standard deviation σ = 13, find the followin...

A: Click to see the answer

question_answer

Q: According to a 2009 Reader's Digest article, people throw away approximately 20% of what they buy at...

A: Click to see the answer

question_answer

Q: A die is suspected of being biased. It is rolled 25 times with the following result: Outcome Frequen...

A: Click to see the answer

question_answer

Q: Answer the following questions for a 99% confidence interval for μ based on a simple random sample.(...

A: The confidence interval of 99 percent means the likelihood that the sample will contain the true mea...