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Exhibit 14-6
You are given the following information about y and x.
-Assume you have noted the following prices for books and the number of pages that each book contains.
a.Develop a least-squares estimated regression line.
b.Compute the coefficient of determination and explain its meaning.
c.Compute the correlation coefficient between the price and the number of pages. Test to see if x and y are related. Use = 0.10.
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