An architect built a scale model of a shopping mall. On the model, a circular fountain is 21 inches tall and 28 inches in diamet
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Answer:
Hello!!
For question twelve, is an identity.
For question thirteen, has no solution.
Hope this helps!!
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.