MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
Find the estimated y intercept as well, round to 3 decimal points
480 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+bix, 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. 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) esc Ⓒ2022 Hawkes Learning A 1 Z 2 > W S 3 X Q E D S 4 C R Price in Dollars 20 33 38 44 50 Number of Bids 3 5 7 8 9 F 5 V T G 6 B Y H 7 ZUWENARED U N 8 M 9 < 0 L P 4) Tables Keypad Keyboard Shortcuts Submit Answer Table Copy Data a
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Transcribed Image Text:480 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+bix, 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. 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) esc Ⓒ2022 Hawkes Learning A 1 Z 2 > W S 3 X Q E D S 4 C R Price in Dollars 20 33 38 44 50 Number of Bids 3 5 7 8 9 F 5 V T G 6 B Y H 7 ZUWENARED U N 8 M 9 < 0 L P 4) Tables Keypad Keyboard Shortcuts Submit Answer Table Copy Data a
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