Price in Dollars 2020 3030 3535 4242 4949 Number of Bids 33 44 55 66 99 Table Copy Data Step 1 of 6 :   Find the estimated slope. Round your answer to three decimal places.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 8E
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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+b1xy^=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.

Price in Dollars 2020 3030 3535 4242 4949
Number of Bids 33 44 55 66 99

Table

Copy Data

Step 1 of 6 :  

Find the estimated slope. Round your answer to three decimal places.

 
 
 
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