Leo's water is at a greater temperature. And Manoj's water is closer to freezing.
<h3>What is the temperature?</h3>The temperature refers to the degree of hotness ant coldness of the substance.
Water freezes at 0 °C.
Manoj's water is 3 °C.
Leo's water is 7 °C.
Leo's water is at a greater temperature.
Manoj's water is closer to freezing.
The complete question is attached below.
More about the temperature link is given below.
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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.