Price in Dollars 116 168 170 184 188 Number of Bids 10 11 15 16 19 Table Step 2 of 6 : Find the estimated y-intercept and correlation . Round your answer to three decimal places.
Price in Dollars 116 168 170 184 188 Number of Bids 10 11 15 16 19 Table Step 2 of 6 : Find the estimated y-intercept and correlation . Round your answer to three decimal places.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
The table below gives the list price and the number of bids received for five randomly selected items sold through online auctions. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the number of bids an item will receive based on the list price. Keep in mind, the
Price in Dollars | 116 | 168 | 170 | 184 | 188 |
---|---|---|---|---|---|
Number of Bids | 10 | 11 | 15 | 16 | 19 |
Table
Step 2 of 6 :
Find the estimated y-intercept and correlation . Round your answer to three decimal places.
Answer
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