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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. ? = bu + (3.x, for predicting the number of bids an may or may not be statistically significant for the data given. Remember, in practice. i correlation coefcient is not statistically signicant. WOU 'tem will receive based on the list price. Keep in mind. the correlation coefcient cl not be appropriate to use the regression line to make a prediction ifthe Price in Dollars 27 28 3] 35 42 Number of Bids l 4 5 6 Step 5 of6: Determine the value of the dependent variable ? atx = 0. Table Copy Data
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