11. Consider the relationship between the umber of bids an item on eBay received and the item's selling price. The following is a sample of 5 items sold through an auction. Price in Dollars 120 154 163 179 180 Number of Bids 14 14 16 18 20 Summation table x2 y2 196 y ху Item 1 120 14 1680 14400 Item 2 154 14 2156 23716 196 Item 3 163 16 2608 26569 256 324 Item 4 179 18 3222 32041 Item 5 180 20 3600 32400 400 Sum 796 82 13266 129126 1372 Step 1. Calculate the sum of squared errors (SSE). Use the values bo = 2.3745 and b. = 0.0881 for the calculations. Round your answer to three decimal places. Answer: Step 2. Calculate the estimated variance of errors, sế Round your answer to three decimal places. Answer:
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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