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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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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