Statement of a problem № m1006


The following data show the retail price for 12 randomly selected laptop computers along with their corresponding processor speeds in gigahertz.  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 thanzero.

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