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:
m>-5
Why? because the arrow shows -5 less then any number going right
Hope this helps
Answer:
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They are so amazing!
Step-by-step explanation:
The only restraints on profit result from the restriction on the domain which in turn place a restriction on profit.
0≤k. Knives sold cannot be negative.
So the range of profit or p is:
p=[-500, +oo)
Profit increases as the number of knives sold increases. $200 more profit is gained by each sale of a knife.
4000=200k-500
4500=200k
k=22.5
Since k is for knives sold, it must be an integer value, so a $4000 profit is not possible. At 22, p=3900 and at 23, p=4100
Answer:
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