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 = bo + bix, 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 Dollars 23 24 26 33 45 Number of Bids 3 6 7 8 9 Table Copy Data Step 3 of 6: Determine if the statement "Not all points predicted by the linear model fall on the same line" is true . fin Answer 2 Points Tables noKeypad Keyboard Shortcuts True FalseThe 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 = bo + bix. 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 Dollars 23 24 26 33 45 Number of Bids B 6 7 8 9 Table Copy Data Step 2 of 6: Find the estimated y-intercept. Round your answer to three decimal places. Answer How to enter your answer (opens in new window) 2 Points Tables Keypad Keyboard ShortcutsThe 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 = bo + bix, 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 Dollars 23 24 26 33 45 Number of Bids 3 6 7 8 9 Table Copy Data > Step 1 of 6: Find the estimated slope. Round your answer to three decimal places ev Next Answer How to Enter your answer (opens in new window) 2 Points Tables Keypad Keyboard Shortcuts