price. The following is a sample of 5 items sold through an auction. Price in Dollars 22 30 31 35 Number of Bids 1 5 6 8 43 8

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
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 22 30
Number of Bids 1 5
31
31 35
35
43
6 8 8
Table
Copy Data
Step 3 of 5: Calculate the estimated variance of slope, s2. Round your answer to three decimal places.
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 22 30 Number of Bids 1 5 31 31 35 35 43 6 8 8 Table Copy Data Step 3 of 5: Calculate the estimated variance of slope, s2. 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 22 30 31
35 43
Number of Bids 1 5 6 8 8
Table
Copy Data
Step 4 of 5: Construct the 98% confidence interval for the slope. Round your answers to three decimal
places.
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 22 30 31 35 43 Number of Bids 1 5 6 8 8 Table Copy Data Step 4 of 5: Construct the 98% confidence interval for the slope. Round your answers to three decimal places.
Expert Solution
steps

Step by step

Solved in 5 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman