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,ŷ = bo + bx, 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 20 33 38 44 50 Number of Bids 3 5 7 8 9 Step 1 of 6: Find the estimated slope. Round your answer to three decimal places. Answer How to enter your answer (opens in new window) Tables Table Copy Data Keypad Keyboard Shortcuts

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,ŷ = bo + bx, 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 20 33 38 44 50 Number of Bids 3 5 7 8 9 Step 1 of 6: Find the estimated slope. Round your answer to three decimal places. Answer How to enter your answer (opens in new window) Tables Table Copy Data Keypad Keyboard Shortcuts

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 11PPS

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