Question
Question 2 (1 point) The author is a member of the board of directors of a nonprofit organization that held a fund-raising auction. He recorded
The author is a member of the board of directors of a nonprofit organization that held a fund-raising auction. He recorded the opening bids suggested by the auctioneer and the final winning bids for several items. The amounts are listed below. Answer question 1 and 2.
Opening bid | 1300 | 500 | 500 | 400 | 300 |
Winning bid | 600 | 195 | 120 | 270 | 125 |
2. Based on the significance level of 0.05 and the critical value of r (Table A-6 on page 732), is there sufficient evidence to conclude that there is a linear correlation between the opening bids and the final winning bids?
Question 2 options:
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