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SOLVED: Textbook Prices The table shows prices of 50 college textbooks in a community college bookstore, rounded to the nearest dollar. Make an appropriate graph of the distribution of the data. pose a statistical question, and describe the distribution.
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Jan 7, 2014
hawaii.edu
SOLVED: A study was conducted to determine if differences in new textbook prices exist between on-campus, off-campus, and Internet bookstores. To control for differences in prices that might exist across disciplines, the study randomly selected 12 textbooks and recorded the price of each of the 12 books at each of the three retailers. Assume normality and equal-variance assumptions have been met. The partially completed ANOVA table based on the study's findings is shown in the accompanying step.
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Eastland College is concerned about the rising price of textbooks that students must purchase. To better identify the increase in the price of textbooks, the dean asks you, the Economics Department's star student, to create an index of textbook prices. The average student purchases three English, two math, and four economics textbooks. The prices of these books are given in the accompanying table. a. Create the price index for these books for all years with a base year of 2002 b. What is the per
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