1.In the following tableof paired data the variablexrepresents the opening

bid suggested by an auctioneer andyrepresents the final winning bid for

several items.

x1500500500400300

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y650175125275125

Is there a correlation between the suggested opening bid

and the final winning bid for the items?

Use Table A-5

2. Use your regression line equation to predict the final bid

on an item with suggest opening bid $450.

Round your answer to the nearest whole number

3. Find the equation of the regression line for the data in Problem 1.

Round your slope andy-intercept to three decimal places