SOLUTION: Disk drives have been getting larger. Their capacity is now often given in terabytes​ (TB) where 1 =TB1000 ​gigabytes, or about a trillion bytes. A search of prices for externa
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Question 1196627: Disk drives have been getting larger. Their capacity is now often given in terabytes​ (TB) where 1 =TB1000 ​gigabytes, or about a trillion bytes. A search of prices for external disk drives on a large shopping website in a recent year found the accompanying data. The data are known to have a​ strong, positive,​ gently-curved pattern with no outliers. Researchers want to predict Price from Capacity. Complete parts​ a) through​ h) below.
Find the slope​ estimate, and interpret it in words.
Does the slope seem​ reasonable? Explain.
Find the​ intercept, .b0
Write down the equation that predicts Price from Capacity
What would one predict for the price of a 6.0 ​-TB ​disk?
What is the value of the residual found in part​ f?
A residual value tells how far the​ model's prediction is from the observed value at that point. To find the​ residuals, always subtract the predicted value from the observed ones.
Answer by ikleyn(52786) (Show Source): You can put this solution on YOUR website!
.
This post looks strange.
It asks about numerical quantities and equations,
but does not provide any numerical input information: neither tables, nor curves, nor formulas, nor references.
My impression that all this information was lost in your post.
Double check with your source.
Make all necessary corrections - then re-post to the forum.
Please do not post it to me personally.
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