Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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18. Auction Bids The author is a member of the board of directors of a nonprofit organiza-
tion that held a fund-raising auction. He recorded the opening bids suggested by the auc-
tioneer and the final winning bids for several items. The amounts are listed below. Is there
sufficient evidence to conclude that there is a linear correlation between the opening bids
suggested by the auctioneer and the final winning bids?
Opening Bid
Winning Bid
Use a = 0.05.
1500
650
500
175
500
125
400
275
300
125
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Transcribed Image Text:18. Auction Bids The author is a member of the board of directors of a nonprofit organiza- tion that held a fund-raising auction. He recorded the opening bids suggested by the auc- tioneer and the final winning bids for several items. The amounts are listed below. Is there sufficient evidence to conclude that there is a linear correlation between the opening bids suggested by the auctioneer and the final winning bids? Opening Bid Winning Bid Use a = 0.05. 1500 650 500 175 500 125 400 275 300 125
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