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Retail Price Data for N = 60 Hard Disk Drives y=y =

Question 25

Essay

Retail price data for n = 60 hard disk drives were recently reported in a computer
magazine. Three variables were recorded for each hard disk drive: y=y = Retail PRICE (measured in dollars)
x1=x _ { 1 } = Microprocessor SPEED (measured in megahertz)
(Values in sample range from 10 to 40 )
x2=x _ { 2 } = CHIP size (measured in computer processing units)
(Values in sample range from 286 to 486 )
A first-order regression model was fit to the data. Part of the printout follows:
 Retail price data for n = 60 hard disk drives were recently reported in a computer magazine. Three variables were recorded for each hard disk drive:  y =  Retail PRICE (measured in dollars)  x _ { 1 } =  Microprocessor SPEED (measured in megahertz) (Values in sample range from 10 to 40 )  x _ { 2 } =  CHIP size (measured in computer processing units) (Values in sample range from 286 to 486 ) A first-order regression model was fit to the data. Part of the printout follows:    Test to determine if the model is adequate for predicting the price of a computer. Use  \alpha =   .01 .

Test to determine if the model is adequate for predicting the price of a computer. Use α=\alpha = .01.01 .

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