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, y 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. = bo + bjx, for predicting the number of bids an item will receive based on the list price. Keep in Price in Dollars 21 23 29 43 50 Number of Bids 1 4 7 Table Copy Data Step 6 of 6: Find the value of the coefficient of determination. 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, y 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. = bo + bjx, for predicting the number of bids an item will receive based on the list price. Keep in Price in Dollars 21 23 29 43 50 Number of Bids 1 4 7 Table Copy Data Step 6 of 6: Find the value of the coefficient of determination. 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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This question has 6 parts, Thank you.
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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+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 124 143 158 160 196 Number of Bids 12 13 15 16 20 Table Step 2 of 6 : Find the estimated y-intercept. Round your answer to three decimal places.
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