Q3: price receivea ior the clocks depends on both the age of the clocks and the number of bidders at the auction Thus, he hypothesizes the first-order model is y = Bo + B1x1 + B2x2 + €, where A collector of antique grandfather clocks sold at auction believes that the y = Auction price (dollars) x1 = Age of clock (years) x2 = Number of bidders A sample of 16 auction prices of grandfather clocks, along with their age and the number of bidders, is given in Table below. Number of Bidders, x2 13 Auction Price, y Age, xI 127 $1,235 115 12 1,080 127 845 150 1.522 156 1,047 182 11 1.979 156 12 1,822 132 10 1,253 137 1,297 113 946 15 11 137 1,713 117 1,024 137 8 1.147 153 1,092 117 13 1.152 126 10 1,336 1. Find the lea.v squares regression for the data. 2. Form a 95 % confidence interval for B1. Answer the following Questions Using Minitab
Q3: price receivea ior the clocks depends on both the age of the clocks and the number of bidders at the auction Thus, he hypothesizes the first-order model is y = Bo + B1x1 + B2x2 + €, where A collector of antique grandfather clocks sold at auction believes that the y = Auction price (dollars) x1 = Age of clock (years) x2 = Number of bidders A sample of 16 auction prices of grandfather clocks, along with their age and the number of bidders, is given in Table below. Number of Bidders, x2 13 Auction Price, y Age, xI 127 $1,235 115 12 1,080 127 845 150 1.522 156 1,047 182 11 1.979 156 12 1,822 132 10 1,253 137 1,297 113 946 15 11 137 1,713 117 1,024 137 8 1.147 153 1,092 117 13 1.152 126 10 1,336 1. Find the lea.v squares regression for the data. 2. Form a 95 % confidence interval for B1. Answer the following Questions Using Minitab
MATLAB: An Introduction with Applications
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Chapter1: Starting With Matlab
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
Transcribed Image Text:Q3:
price receivea ior the clocks depends on both the age of the clocks and the number of bidders
at the auction Thus, he hypothesizes the first-order model is y = Bo + B1x1 + B2x2 + €, where
A collector of antique grandfather clocks sold at auction believes that the
y = Auction price (dollars)
x1 = Age of clock (years)
x2 = Number of bidders
A sample of 16 auction prices of grandfather clocks, along with their age and the number of
bidders, is given in Table below.
Number of
Bidders, x2
Auction
Age, x1
Price, y
127
13
$1,235
115
12
1,080
127
フ
845
150
1.522
156
1,047
182
11
1.979
156
12
1,822
132
10
1,253
137
1,297
113
946
137
15
1,713
117
11
1,024
137
8
1,147
153
1,092
117
13
1.152
126
10
1,336
1. Find the lea.. squares regression for the data.
2. Form a 95 % confidence interval for B1.
Answer the following Questions Using
Minitab
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