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:

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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:

Statistics students in Oxnard College sampled 11 textbooks in the Condor bookstore and recorded the number
pages in each textbook and its cost. The bivariate data are shown below:
Number of Pages (x) | Cost(y)
414
34.12
778
65.24
434
42.72
685
56.8
812
75.96
777
66.16
731
59.48
494
52.52
488
36.04
504
48.32
572
58.76
A student calculates a linear model
y =
(Please show your answers to two decimal places)
Use the model to estimate the cost when number of pages is 355.
Cost = $
(Please show your answer to 2 decimal places.)
Transcribed Image Text:Statistics students in Oxnard College sampled 11 textbooks in the Condor bookstore and recorded the number pages in each textbook and its cost. The bivariate data are shown below: Number of Pages (x) | Cost(y) 414 34.12 778 65.24 434 42.72 685 56.8 812 75.96 777 66.16 731 59.48 494 52.52 488 36.04 504 48.32 572 58.76 A student calculates a linear model y = (Please show your answers to two decimal places) Use the model to estimate the cost when number of pages is 355. Cost = $ (Please show your answer to 2 decimal places.)
Expert Solution
Step 1

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 is given.

Form of regression equation is:

y=a+bx

Where a and b can be calculated as:

a=-b

b=x-xy-yx-x2

 

 

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