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, yË=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 Number of Bids
24 2
27 5
32 6
34 7
39 8

Required:
a. Find the estimated slope. Round your answer to three decimal places.
b. Find the estimated y-intercept. Round your answer to three decimal places.
c. Find the estimated value of y when x = 34. Round your answer to three decimal places.
d. Determine the value of the dependent variable yË at x = 0.

y - y1 = m(x- x1)

y - (-5) = 2/3(x -0)

y + 5 = 2/3x

y = 2/3x - 5

19

step-by-step explanation:

1. sometimes

2.   never

3   .08c = 7.50+.05c   250 pages

step-by-step explanation:

1.   sometimes

the theoretical probability of rolling a 1 is 1/6.   perhaps you got really lucky and never rolled a 1   in those 60 times.   your experimental probability is 0.   or perhaps you rolled a 1   20 times.   your experimental probability is 20/60 is 1/3.     it really just depends on how you rolled in that experiment.

2.   never

the probability of the event occurring is 1.   that is being 100 % sure it will happen.   that is the maximum amount of confidence we have.

3.   no customer card cost:   .08 times number of pages

customer card cost:   7.50 + .05 times number of pages

we want to find when it costs the same amount, so we will set these equal

let c = number of pages

.08c = 7.50+.05c

subtract .05c from each side

.08c-.05c = 7.5+.05c-.05c

.03c=7.5

divide each side by .03

.03c/.03 = 7.5/03

c =250  

the cost is the same at 250 pages