Application and Reasoning Problems

10.4. Using full regression equation for the Price of a laptop, based on your work in the previous problems:

  1. What is the predicted price of each of the following types of laptops?



    Model of Laptop

    Equation to Predict Price



    Sony



    Compaq



    Hp



    Toshiba



  2. Explain how a computer brand’s weight affects its price. Do heavier computer brands cost more? Or less?

10.5. Interpret the following model related to the laptop prices in the previous example:

Price = 560 + 115*Wt + 230* ManuToshiba*Wt