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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