[Solution] Assume you have noted the following prices for paperback books and the number of pages that each book contains. Develop a least-squares estimated
Question:
Assume you have noted the following prices for paperback books and the number of pages that each book contains.
Develop a least-squares estimated regression line.
- Compute the coefficient of determination and explain its meaning.
- Compute the correlation coefficient between the price and the number of pages. Test to see if x and y are related. Use α = 0.10.
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