subject
Mathematics, 09.03.2020 23:39 kirstennnash

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 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.

col1 Price in Dollars 23 24 32 37 49
col2 Number of Bids 1 2 6 9 10
Step 2 of 6: Find the estimated y-intercept =-0.488

Step 3 of 6: Determine the value of the dependent variable yˆ at x=0 is = -0.488

Step 4 of 6: Determine if the statement "Not all points predicted by the linear model fall on the same line" is False

Step 5 of 6: Substitute the values you found in steps 1 and 2 into the equation for the regression line to find the estimated linear model. According to this model, if the value of the independent variable is increased by one unit, then find the change in the dependent variable =0.290

Step 6 of 6: Find the value of the coefficient of determination =0.928

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 19:30
Factor the polynomial 4x4 – 20x2 – 3x2 + 15 by grouping. what is the resulting expression? (4x2 + 3)(x2 – 5) (4x2 – 3)(x2 – 5) (4x2 – 5)(x2 + 3) (4x2 + 5)(x2 – 3)
Answers: 1
question
Mathematics, 21.06.2019 20:30
Secant be and cf intersect at point d inside a what is the measure of cde
Answers: 1
question
Mathematics, 22.06.2019 00:40
The point (-7, -24) is on the terminal ray of angle 0 which is in standard position. a student found the six trigonometric values for angle e. the student's answers are shown. which value(s) are incorrect? sin(8) cos(8) 24 tan(0) sin(0)=25 cos(0) -- tan(â“¡) - - 24 csc(o)=2 sec(0) --25 cot(6) - za csc(o) sec(0) cot(0) done
Answers: 3
question
Mathematics, 22.06.2019 04:00
The perimeter of â–³cde is 55 cm. a rhombus dmfn is inscribed in this triangle so that vertices m, f, and n lie on the sides cd , ce , and de respectively. find cd and de if cf=8 cm and ef=12 cm. the answer is not cd=20 and de=15. i have tried that one, it does not work.
Answers: 1
You know the right answer?
The table below gives the list price and the number of bids received for five randomly selected item...
Questions
question
Mathematics, 18.03.2021 03:10
question
Mathematics, 18.03.2021 03:10
question
Mathematics, 18.03.2021 03:10
question
Mathematics, 18.03.2021 03:10
Questions on the website: 13722365