Consider the relationship between the number 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 23 33 37 37 50 Number of Bids 3 4 4 9 9 Table Calculate the sum of squared errors (SSE). Use the values b0=−2.6240b0=−2.6240 and b1=0.2340b1=0.2340 for the calculations. Round your answer to three decimal places.
Consider the relationship between the number 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 23 33 37 37 50 Number of Bids 3 4 4 9 9 Table Calculate the sum of squared errors (SSE). Use the values b0=−2.6240b0=−2.6240 and b1=0.2340b1=0.2340 for the calculations. Round your answer to three decimal places.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 10CYU
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Question
Consider the relationship between the number 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 | 23 | 33 | 37 | 37 | 50 |
---|---|---|---|---|---|
Number of Bids | 3 | 4 | 4 | 9 | 9 |
Table
Calculate the sum of squared errors (SSE). Use the values b0=−2.6240b0=−2.6240 and b1=0.2340b1=0.2340 for the calculations. Round your answer to three decimal places.
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