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Q3: price receivea ior the clocks depends on both the age of the clocks and the number of bidders at the auction Thus, he hypothesizes the first-order model is y = Bo+B11+B2x2 + E, where A collector of antique grandfather clocks sold at auction believes that the y = Auction price (dollars) a1 = Age of clock (years) x2 = Number of bidders A sample of 16 auction prices of grandfather clocks, along with their age and the number of bidders, is given in Table below. Number of Bidders, x2 Auction Price, y Age, x1 127 $1,235 115 12 1,080 127 845 150 1.522 156 1,047 182 11 1,979 156 12 1,822 132 10 1.253 137 1,297 113 946 137 1,713 117 11 1,024 137 1.147 153 1,092 117 13 1,152 126 10 1.336 1. Find the lea.. squares regression for the data.

Q3: price receivea ior the clocks depends on both the age of the clocks and the number of bidders at the auction Thus, he hypothesizes the first-order model is y = Bo+B11+B2x2 + E, where A collector of antique grandfather clocks sold at auction believes that the y = Auction price (dollars) a1 = Age of clock (years) x2 = Number of bidders A sample of 16 auction prices of grandfather clocks, along with their age and the number of bidders, is given in Table below. Number of Bidders, x2 Auction Price, y Age, x1 127 $1,235 115 12 1,080 127 845 150 1.522 156 1,047 182 11 1,979 156 12 1,822 132 10 1.253 137 1,297 113 946 137 1,713 117 11 1,024 137 1.147 153 1,092 117 13 1,152 126 10 1.336 1. Find the lea.. squares regression for the data.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 19PFA
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Q3: price receivea ior the clocks depends on both the age of the clocks and the number of bidders at the auction Thus, he hypothesizes the first-order model is y = Bo + B1x1 + B202 + €, where A collector of antique grandfather clocks sold at auction believes that the y = Auction price (dollars) x1 = Age of clock (years) x2 = Number of bidders A sample of 16 auction prices of grandfather clocks, along with their age and the number of bidders, is given in Table below. Number of Bidders, x2 Auction Age, x1 127 Price, y 13 $1.235 115 12 1,080 127 845 150 1.522 156 1,047 182 11 1.979 156 12 1,822 132 10 1,253 137 1,297 113 946 137 15 1,713 117 11 1,024 137 8 1.147 153 1,092 117 13 1.152 126 10 1.336 1. Find the lea.. squares regression for the data. 2. Form a 95 % confidence interval for B1.
Transcribed Image Text:Q3: price receivea ior the clocks depends on both the age of the clocks and the number of bidders at the auction Thus, he hypothesizes the first-order model is y = Bo + B1x1 + B202 + €, where A collector of antique grandfather clocks sold at auction believes that the y = Auction price (dollars) x1 = Age of clock (years) x2 = Number of bidders A sample of 16 auction prices of grandfather clocks, along with their age and the number of bidders, is given in Table below. Number of Bidders, x2 Auction Age, x1 127 Price, y 13 $1.235 115 12 1,080 127 845 150 1.522 156 1,047 182 11 1.979 156 12 1,822 132 10 1,253 137 1,297 113 946 137 15 1,713 117 11 1,024 137 8 1.147 153 1,092 117 13 1.152 126 10 1.336 1. Find the lea.. squares regression for the data. 2. Form a 95 % confidence interval for B1.
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