Please answer d Disk drives 2016 again Recall the data on disk drives we sawin Chapter 6, Exercise 4. Suppose we want to predict Pricefrom Capacity.Capacity (in TB)Price (in $)0.501.059.9979.992.0111.973.0109.994.0149.99T6.0423.34596.118.012.01079.994461.0032.0X = 7.6111)= 785.819%3DSD( x) == 9.855 SD(y)=1418.67r= 0.9876a) Find the slope estimate, b..b) What does it mean, in this context?c) Find the intercept, bo-d) What does it mean, in this context? Is it meaningful?e) Write down the equation that predicts Price from Capacity.f) What would you predict for the price of a 20 TB drive?g) A 20 TB drive on Amazon.com was listed at $2017.86. Ac-cording to the model, does this seem like a good buy? Howmuch would you save compared to what you expected to pay?

Given Information: We want to predict Price (Y) from Capacity (X) d) What does intercept b0 mean, in…

Answered: Please answer d

Math

Statistics

Please answer d

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section1.2: Graphs Of Equations In Two Variables; Circles

Problem 111E

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Question

Please answer d

Disk drives 2016 again Recall the data on disk drives we saw
in Chapter 6, Exercise 4. Suppose we want to predict Price
from Capacity.
Capacity (in TB)
Price (in $)
0.50
1.0
59.99
79.99
2.0
111.97
3.0
109.99
4.0
149.99
T
6.0
423.34
596.11
8.0
12.0
1079.99
4461.00
32.0
X = 7.6111
)= 785.819
%3D
SD( x) =
= 9.855 SD(y)
=1418.67
r= 0.9876
a) Find the slope estimate, b..
b) What does it mean, in this context?
c) Find the intercept, bo-
d) What does it mean, in this context? Is it meaningful?
e) Write down the equation that predicts Price from Capacity.
f) What would you predict for the price of a 20 TB drive?
g) A 20 TB drive on Amazon.com was listed at $2017.86. Ac-
cording to the model, does this seem like a good buy? How
much would you save compared to what you expected to pay?

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