25 This rectangular frame is made from 5 straight pieces of metal.
2 answers:
You might be interested in
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.
<u>Answer</u>
<u>Detailed Explanation </u>
Let's set up a proportion.
Now that we have set up a proportion we would need to cross multiply.
3*x=3x
40*4.8= 192
Solve for x
Therefore, the answer would be 64.