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Step 5 of 6: Find the estimated value of y when x 28. Round your answer to three decimal places.

Step 5 of 6: Find the estimated value of y when x 28. Round your answer to three decimal places.

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
Problem 1P
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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,ŷ = bo + b₁x, for predicting the number of bids an item will receive based on the list price. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Step 5 of 6: Find the estimated value of y when x = 28. Round your answer to three decimal places. Answer How to enter your answer (opens in new window) ©2022 Hawkes Leaming w S H E R Price in Dollars 22 23 28 41 50 Number of Bids 2 3 4 5 9 F B H U N J 1 M K a Tables Table Copy Data Keypad Keyboard Shortcuts Submit Answer Previous step answers
Transcribed Image Text: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,ŷ = bo + b₁x, for predicting the number of bids an item will receive based on the list price. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Step 5 of 6: Find the estimated value of y when x = 28. Round your answer to three decimal places. Answer How to enter your answer (opens in new window) ©2022 Hawkes Leaming w S H E R Price in Dollars 22 23 28 41 50 Number of Bids 2 3 4 5 9 F B H U N J 1 M K a Tables Table Copy Data Keypad Keyboard Shortcuts Submit Answer Previous step answers
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