The table below provides 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, \(\hat{y} = b_0 + b_1x\), 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 | 28 | 33 | 36 | 42 | 45 ||------------------|----|----|----|----|----|| Number of Bids | 1 | 7 | 8 | 9 | 10 |**Step 3 of 6:** Find the estimated value of \(y\) when \(x = 33\). Round your answer to three decimal places.

Given data price in dollars 28 33 36 42 45 Number of bids 1 7 8 9…

Answered: The table below gives the list price…

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 age and bone density for five randomly selected women. Using this data, consider the equation of the regression line, y = bo + bjx, for predicting a woman's bone density based on her age. 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. Age 47 49 50 51 58 Bone Density 360 353 336 333 310 Table Copy Data Step 1 of 6: Find the estimated slope. Round your answer to three decimal places.
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The table below gives the age and bone density for five randomly selected women. Using this data, consider the equation of the regression line, y = bo + bjx, for predicting a woman's bone density based on her age. 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. Age 35 50 54 61 66 Bone Density 354 353 350 334 332 Tab Copy Data Step 6 of 6: Find the value of the coefficient of determination. Round your answer to three decimal places. 田 Tables 國 Key Answer Keyboard Sho How to enter your answer (opens in new window) Previous step ar Submit An © 2022 Hawkes Learning tv APR 24 MacBook Pro
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 20 30 35 42 49 Number of Bids 3 4 5 6 9
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