Determine the value of the dependent variable yˆ at x=0. a.) b0 b). b1 c). x d). y
Chapter4: Linear Functions
Section: Chapter Questions
Problem 30PT: For the following exercises, use Table 4 which shows the percent of unemployed persons 25 years or...
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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, consider the equation of the regression line, yˆ=b0+b1x for predicting the number of bids an item will receive based on the list price. Keep in mind, the
Price in Dollars | 3434 | 4040 | 4141 | 4444 | 4848 |
---|---|---|---|---|---|
Number of Bids | 11 | 22 | 33 | 44 | 55 |
Table
Step 4 of 6: Determine the value of the dependent variable yˆ at x=0.
a.) b0
b). b1
c). x
d). y
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