I need the answer ASAP does anyone know it
1 answer:
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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.
Answer:
Step-by-step explanation:
k = 3pw
Step 1: switch sides.
3pw = k
Step 2: Since you want w alone, and w is being multiplied by 3p, divide both sides by 3p.