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 20 23 29 38 41 Number of Bids 14 15 16 17 19 Step 3 of 3: Calculate the correlation coefficient, r. 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 20 23 29 38 41 Number of Bids 14 15 16 17 19 Step 3 of 3: Calculate the correlation coefficient, r. Round your answer to three decimal places.
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphics To Economics
Problem 2SQP
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Transcribed Image Text: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 20 23 29 38 41
Number of Bids 14 15 16 17 19
Transcribed Image Text:Step 3 of 3: Calculate the correlation coefficient, r. Round your answer to three decimal places.
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