Book Pages (x) Price (y) A 500 $7.10 B 700 7.60 C 750 9.10 D 590 6.60 E 560 7.60 F 650 7.10 G 475 5.10 (a) Develop a least squares estimated regression line. (Round your numerical values to three decimal places.) ŷ = (b) Compute the coefficient of determination. (Round your answer to four decimal places.) Explain its meaning. (Give your answer as a percent. Round your answer to two decimal places.) The value of the coefficient of determination tells us that % of the variability in ---- has been explained by the least squares regression equation.

MATLAB: An Introduction with Applications
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Chapter1: Starting With Matlab
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Book
Pages (x)
Price (y)
A
500
$7.10
B
700
7.60
C
750
9.10
D
590
6.60
E
560
7.60
F
650
7.10
G
475
5.10
(a) Develop a least squares estimated regression line. (Round your numerical values to three decimal places.)
(b) Compute the coefficient of determination. (Round your answer to four decimal places.)
Explain its meaning. (Give your answer as a percent. Round your answer to two decimal places.)
The value of the coefficient of determination tells us that
% of the variability in |--?-- ☑ has been explained by the least squares regression equation.
Transcribed Image Text:Book Pages (x) Price (y) A 500 $7.10 B 700 7.60 C 750 9.10 D 590 6.60 E 560 7.60 F 650 7.10 G 475 5.10 (a) Develop a least squares estimated regression line. (Round your numerical values to three decimal places.) (b) Compute the coefficient of determination. (Round your answer to four decimal places.) Explain its meaning. (Give your answer as a percent. Round your answer to two decimal places.) The value of the coefficient of determination tells us that % of the variability in |--?-- ☑ has been explained by the least squares regression equation.
(c) Compute the correlation coefficient between the price and the number of pages. (Round your answer to four decimal places.)
(d) Test to see if x and y are related using the t-test. Use α = 0.10.
State the null and alternative hypotheses.
Hint: Be sure to review the parameter for the test and it's form.
Once you click into the answer cell, you must enter your answer using the MathPad to the right.
Start with the Greek letter, then using a subscript under function. (Enter != for as needed.)
Ho:
Ha
Find the value of the test statistic. (Round your answer to three decimal places.)
Find the p-value. (Round your answer to four decimal places.)
p-value
=
What is your conclusion?
Do not reject Ho. We cannot conclude that the relationship between x and y is significant.
Reject Ho. We cannot conclude that the relationship between x and y is significant.
Reject Ho.
We conclude that the relationship between x and y is significant.
Do not reject Ho. We conclude that the relationship between x and y is significant.
Transcribed Image Text:(c) Compute the correlation coefficient between the price and the number of pages. (Round your answer to four decimal places.) (d) Test to see if x and y are related using the t-test. Use α = 0.10. State the null and alternative hypotheses. Hint: Be sure to review the parameter for the test and it's form. Once you click into the answer cell, you must enter your answer using the MathPad to the right. Start with the Greek letter, then using a subscript under function. (Enter != for as needed.) Ho: Ha Find the value of the test statistic. (Round your answer to three decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = What is your conclusion? Do not reject Ho. We cannot conclude that the relationship between x and y is significant. Reject Ho. We cannot conclude that the relationship between x and y is significant. Reject Ho. We conclude that the relationship between x and y is significant. Do not reject Ho. We conclude that the relationship between x and y is significant.
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