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, yˆ=b0+b1xy^=b0+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. Price in Dollars 2323 3434 4040 4646 4747 Number of Bids 11 33 44 55 77 Table Copy Data Step 1 of 6: Find the estimated slope. Round your answer to three decimal places.
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, yˆ=b0+b1xy^=b0+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. Price in Dollars 2323 3434 4040 4646 4747 Number of Bids 11 33 44 55 77 Table Copy Data Step 1 of 6: Find the estimated slope. Round your answer to three decimal places.
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, yˆ=b0+b1xy^=b0+b1x, for predicting the number of bids an item will receive based on the list price. Keep in mind, the
| Price in Dollars | 2323 | 3434 | 4040 | 4646 | 4747 |
|---|---|---|---|---|---|
| Number of Bids | 11 | 33 | 44 | 55 | 77 |
Table
Copy Data
Step 1 of 6:
Find the estimated slope. Round your answer to three decimal places.
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