Book Cost. A major publishing company would like to develop an equation that will help it in
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Book Cost. A major publishing company would like to develop an equation that will help it in determining the cost of books that it publishes. It has a sample of 207 books that have been published recently. Of the 207 books in the sample, 83 are hardcover and 124 are softcover. Hardcover books obviously are priced at a premium, so some adjustments for this will need to be made. The variables in the data file named BOOKCOST7 on the CD are as follows:
COST | = the cost of producing the book |
PAGES | = the number of pages in the book |
SOFTCOVER | = 1 if the book is softcover and 0 if it is hardcover |
Develop an equation that will help the publisher to predict the cost for books to be published in the future.
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