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. $$\begin{array} { | c | c | c | }
\hline \text { Book } & \text { Number of pages } & \text { Selling price } ( \$ ) \
\hline 1 & 844 & 55 \
\hline 2 & 727 & 50 \
\hline 3 & 360 & 35 \
\hline 4 & 915 & 60 \
\hline 5 & 295 & 30 \
\hline 6 & 706 & 50 \
\hline 7 & 410 & 40 \
\hline 8 & 905 & 53 \
\hline 9 & 1058 & 65 \
\hline 10 & 865 & 54 \
\hline 11 & 677 & 42 \
\hline 12 & 912 & 58 \
\hline
\end{array}$$ Interpret the value of the slope of the regression line.

Question

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. $$\begin{array} { | c | c | c | } 
\hline \text { Book } & \text { Number of pages } & \text { Selling price } ( \$ ) \
\hline 1 & 844 & 55 \
\hline 2 & 727 & 50 \
\hline 3 & 360 & 35 \
\hline 4 & 915 & 60 \
\hline 5 & 295 & 30 \
\hline 6 & 706 & 50 \
\hline 7 & 410 & 40 \
\hline 8 & 905 & 53 \
\hline 9 & 1058 & 65 \
\hline 10 & 865 & 54 \
\hline 11 & 677 & 42 \
\hline 12 & 912 & 58 \
\hline
\end{array}$$ Interpret the value of the slope of the regression line.

Quizplus · Accepted Answer

The Answer of 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. $$\begin{array} { | c | c | c | } 
\hline \text { Book } & \text { Number of pages } & \text { Selling price } ( \$ ) \
\hline 1 & 844 & 55 \
\hline 2 & 727 & 50 \
\hline 3 & 360 & 35 \
\hline 4 & 915 & 60 \
\hline 5 & 295 & 30 \
\hline 6 & 706 & 50 \
\hline 7 & 410 & 40 \
\hline 8 & 905 & 53 \
\hline 9 & 1058 & 65 \
\hline 10 & 865 & 54 \
\hline 11 & 677 & 42 \
\hline 12 & 912 & 58 \
\hline
\end{array}$$ Interpret the value of the slope of the regression line.

The Editor of a Major Academic Book Publisher Claims That