The table below gives the list price and the number of bids received for five randomly selected items sold through onlin
Posted: Thu May 05, 2022 9:17 pm
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, yˆ=b0+b1xy^=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.
Table
Copy Data
Step 4 of 6:
Find the estimated value of y when x=45x=45.
Round your answer to three decimal places.
received for five randomly selected items sold through online
auctions. Using this data, consider the equation of the regression
line, yˆ=b0+b1xy^=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.
Table
Copy Data
Step 4 of 6:
Find the estimated value of y when x=45x=45.
Round your answer to three decimal places.