- 2 20 Pts The Following Data Represent The Number Of Flash Drives Sold Per Day At A Local Computer Shop And Their Pric 1 (50.96 KiB) Viewed 12 times
2. (20 pts) The following data represent the number of flash drives sold per day at a local computer shop and their pric
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2. (20 pts) The following data represent the number of flash drives sold per day at a local computer shop and their pric
2. (20 pts) The following data represent the number of flash drives sold per day at a local computer shop and their prices. Price (x) Units Sold (y) 34 3 36 4 32 6 35 5 30 9 38 2 40 1 a. Develop a least squares regression line and explain what the slope of the line indicates. b. Compute the coefficient of determination and comment on the strength of relationship between x and y. c. Calculate the F statistic to test the significance of the coefficient of determination. Perform an F test and determine if the price and the number of flash drives sold are related. Let a =.01. d. Calculate the statistic to test the significance of the slope of the regression. Perform a / test and determine if the price and the number of flash drives sold are related. Let a =.01.
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