the equation of the regression line, y = bo + bix, for predicting the number of bids an item will receive based on the list price. Keep mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, It would not be appropriat use the regression line to make a prediction if the correlation coefficient is not statistically significant. Price in Dollars 23 26 37 41 47 Number of Bids 1 2 4 5 6 Step 2 of 6: Find the estimated y-intercept. Round your answer to three decimal places. Ta Copy Dat
the equation of the regression line, y = bo + bix, for predicting the number of bids an item will receive based on the list price. Keep mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, It would not be appropriat use the regression line to make a prediction if the correlation coefficient is not statistically significant. Price in Dollars 23 26 37 41 47 Number of Bids 1 2 4 5 6 Step 2 of 6: Find the estimated y-intercept. Round your answer to three decimal places. Ta Copy Dat
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 8E
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