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The Editor of a Major Academic Book Publisher Claims That

question 11

Essay

The editor of a major academic book publisher claims that a large part of the cost of books is the cost of paper. This implies that larger books will cost more money. As an experiment to analyse the claim, a university student visits the bookstore and records the number of pages and the selling price of 12 randomly selected books. These data are listed below.  Book  Number of pages  Selling price ($)1844552727503360354915605295306706507410408905539105865108655411677421291258\begin{array} { | c | c | c | } \hline \text { Book } & \text { Number of pages } & \text { Selling price } ( \$ ) \\\hline 1 & 844 & 55 \\\hline 2 & 727 & 50 \\\hline 3 & 360 & 35 \\\hline 4 & 915 & 60 \\\hline 5 & 295 & 30 \\\hline 6 & 706 & 50 \\\hline 7 & 410 & 40 \\\hline 8 & 905 & 53 \\\hline 9 & 1058 & 65 \\\hline 10 & 865 & 54 \\\hline 11 & 677 & 42 \\\hline 12 & 912 & 58 \\\hline\end{array} Interpret the value of the slope of the regression line.

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Definitions:

Bad Hiring Decisions

The act of employing individuals who are not a good fit for their roles, leading to potential inefficiencies, decreased morale, and increased turnover within an organization.

Job Application Process

involves the steps an individual takes to apply for a job, including submitting a resume and cover letter, attending interviews, and potentially undergoing testing or background checks.

Flexible Work Plans

Arrangements that allow employees to have varied work hours or locations, promoting a balance between work responsibilities and personal life.

Absenteeism

The frequent absence of an employee from work which goes beyond normal or expected levels, often without good reason.

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