Ă‚Â For the hard drive data in Exercise 2, some research on the prices discovered that the 200 GB hard drive was a special Ă˘â‚¬Ĺ“hardenedĂ˘â‚¬Âť drive designed to resist physical shocks and work under water. Because it is completely different from the other drives, it was removed from the data. For the remaining 7 drives, the correlation is now 0.927 and other summary statistics are:
(a) If a drive has a capacity of 3.046 TB (or 1 SD above the mean of 1.531 TB), how many standard deviations above or below the mean price of $110.70 do you expect the drive to cost?
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(b) What price does that correspond to?