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Consider the relationship between the number of bids an item on eBay received and the item's selling price. The following is a sample of 5items

Consider the relationship between the number of bids an item on eBay received and the item's selling price. The following is a sample of 5items sold through an auction

Price In Dollars 103 128 156 171 172
Number of Bids 11 11 11 17 17

Step 1 of 5:

Calculate the sum of squared errors (SSE). Use the valuesb0=0.9024andb1=0.0856for the calculations. Round your answer to three decimal places.

Step 2 of 5:

Calculate the estimated variance of errors,s2e. Round your answer to three decimal places.

Step 3 of 5:

Calculate the estimated variance of slope,s2b1

Step 4 of 5:

Construct the95%confidence interval for the slope. Round your answers to three decimal places.

Step 5 of 5:

Construct the90%confidence interval for the slope. Round your answers to three decimal places.

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