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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,

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

=b

0

+b

1

x

y^=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 Dollars20

2027

2730

3033

3342

42Number of Bids1

13

34

49

910

10

Table

Copy Data

Step4of6:Find the estimated value ofywhenx=30

x=30. Round your answer to three decimal places.

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