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Question 1 The National Highway Association is studying the relationship between the number of bidders on a highway project and the winning (lowest) bid for the project. Of particular interest is whether the number of bidders increases or decreases the amount of the winning bid. a. Identify the independent variable. b. Determine the coefficient of correlation. Interpret this val

Question 1 The National Highway Association is studying the relationship between the number of bidders on a highway project and the winning (lowest) bid for the project. Of particular interest is whether the number of bidders increases or decreases the amount of the winning bid. a. Identify the independent variable. b. Determine the coefficient of correlation. Interpret this val

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Question 1 The National Highway Association is studying the relationship between the number of bidders on a highway project and the winning (lowest) bid for the project. Of particular interest is whether the number of bidders increases or decreases the amount of the winning bid. a. Identify the independent variable. b. Determine the coefficient of correlation. Interpret this value. c. Determine the coefficient of determination. Interpret this value. Note: 1. please clear answer no Whois one a,b,&c 2. No need excel formula
Winning Bid ($ millions) Winning Bid ($ millions) Project Number of Project Number of Bidders Bidders 1 9. 5.1 9 6. 10.3 8.0 10 6. 8.0 3. 3 9.7 11 4 8.8 4 10 7.8 12 7 9.4 7.7 13 7 8.6 6. 10 5.5 14 7 8.1 7 7 8.3 15 6. 7.8 8. 11 5.5
Transcribed Image Text:Winning Bid ($ millions) Winning Bid ($ millions) Project Number of Project Number of Bidders Bidders 1 9. 5.1 9 6. 10.3 8.0 10 6. 8.0 3. 3 9.7 11 4 8.8 4 10 7.8 12 7 9.4 7.7 13 7 8.6 6. 10 5.5 14 7 8.1 7 7 8.3 15 6. 7.8 8. 11 5.5
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