Assume you have noted the following prices for books and the number of pages that each book contains. Book Pages (x) Price (y)
A 500, $7.00
B 700, $7.50
C 750, $9.00
D 590, $6.50
E 540, $7.50
F 650, $7.00
G 480, $4.50
a. Perform an F test and determine if the price and the number of pages of the books are related. Let = 0.01.
b. Perform a t test and determine if the price and the number of pages of the books are related. Let = 0.01.
c. Develop a 90% confidence interval for estimating the average price of books that contain 800 pages.
d. Develop a 90% confidence interval to estimate the price of a specific book that has 800 pages.