Step 4. Construct the 80% confidence interval for the slope. Round your answers to three decimal places. Answer: Lower endpoint: Upper endpoint: Step 5. Construct the 98% confidence interval for the slope. Round your answers to three decimal places. Answer: Lower endpoint: Upper endpoint:

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#11 step 4 and 5 please
11.
Consider the relationship between the number of bids an item on eBay received and the
Item's selling price. The following is a sample of 5 items sold through an auction.
Price in Dollars 120 154 163 179 180
Number of Bids 14
14 16
18 20
Summation table
x2
y2
196
y
ху
Item 1 120 14 1680 14400
Item 2 154 14 2156 23716 | 196
Item 3 163 16 2608 26569 256
Item 4 179 18 3222 32041
324
Item 5 180 20 3600 32400 400
Sum 796 82 13266 129126 1372
Step 1. Calculate the sum of squared errors (SSE). Use the values bo = 2.3745 and
= 0.0881 for the calculations. Round your answer to three decimal places.
10
2.3745 +0.0881x= 12.9465=13
15.9419 : 16
16.7348 -17
19.1444 1
18.232516
Answer:
Step 2. Calculate the estimated variance of errors, s. Round your answer to three
decimal places.
3.33
SSE =
10
Answer:
n-2
5-ス
3.
I+ 4 +1+ 0
3.33
113 of
MAT 106.04 Professor Felix
Transcribed Image Text:11. Consider the relationship between the number of bids an item on eBay received and the Item's selling price. The following is a sample of 5 items sold through an auction. Price in Dollars 120 154 163 179 180 Number of Bids 14 14 16 18 20 Summation table x2 y2 196 y ху Item 1 120 14 1680 14400 Item 2 154 14 2156 23716 | 196 Item 3 163 16 2608 26569 256 Item 4 179 18 3222 32041 324 Item 5 180 20 3600 32400 400 Sum 796 82 13266 129126 1372 Step 1. Calculate the sum of squared errors (SSE). Use the values bo = 2.3745 and = 0.0881 for the calculations. Round your answer to three decimal places. 10 2.3745 +0.0881x= 12.9465=13 15.9419 : 16 16.7348 -17 19.1444 1 18.232516 Answer: Step 2. Calculate the estimated variance of errors, s. Round your answer to three decimal places. 3.33 SSE = 10 Answer: n-2 5-ス 3. I+ 4 +1+ 0 3.33 113 of MAT 106.04 Professor Felix
Step 3. Calculate the estimated variance of slope, s. Round your answer to three
decimal places.
Answer: 240 2.8
Step 4. Construct the 80% confidence interval for the slope. Round your answers to
three decimal places.
Answer: Lower endpoint:
Upper endpoint:
Step 5. Construct the 98% confidence interval for the slope. Round your answers to
three decimal places.
Answer: Lower endpoint:
Upper endpoint:
The following data give the number of hours 5 students spent studying and their
corresponding grades on their midterm exams.
12.
Hours Studying 3 3 4
Midterm Grades 72 74 74 75 79
5 5
Transcribed Image Text:Step 3. Calculate the estimated variance of slope, s. Round your answer to three decimal places. Answer: 240 2.8 Step 4. Construct the 80% confidence interval for the slope. Round your answers to three decimal places. Answer: Lower endpoint: Upper endpoint: Step 5. Construct the 98% confidence interval for the slope. Round your answers to three decimal places. Answer: Lower endpoint: Upper endpoint: The following data give the number of hours 5 students spent studying and their corresponding grades on their midterm exams. 12. Hours Studying 3 3 4 Midterm Grades 72 74 74 75 79 5 5
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