Solution :
a). The required linear regression model is
Price = 
b). The 
for the variable "Age of part" is 0.0000
Since the is less than 0.05, so it is significant to the model.
The p-value for the variable "Number of bidders" is 0.1940
Since is not less than 
, so it is significant to the model.
c). We cannot say that model is significant because variable " the number of bidders" is not significant.
But as both variables have positive coefficient so as the variable increases the price received for the item also increased.
That would be 242 divided by the total number of people surveyed, or 242/1028.
Answer:
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Step-by-step explanation:
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ANSWER
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EXPLANATION
The given line has slope,
and
We can find the equation in the point slope form, which is given by,
We substitute the point and slope to get,
We can also simplify further to get,
We make y the subject to get,
This is called the slope intercept form.
We could also write in standard form to get
Or
