The following data show the retail price for 12 randomly selected laptop computers along with their corresponding
Question:
a. Develop a linear equation that can be used to describe how the price depends on the processor speed.
b. Based on your regression equation, is there one machine that seems particularly over- or underpriced?
c. Compute the correlation coefficient between the two variables. At the .05 significance level, conduct a test of hypothesis to determine if the population correlation is greater than zero.
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Step by Step Answer:
a The regression equation is Price 3865 7040 Speed b The comp...View the full answer
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Related Book For 
Statistical Techniques in Business and Economics
ISBN: 978-1259666360
17th edition
Authors: Douglas A. Lind, William G Marchal
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