Question

Consider the relationship between the number of bids an item on eBay received and the item's selling price. The following is a sample of 5 items sold through an auction.

price in dollars: 32,38,41,44,47

number of bids: 12,13,16,17,19

Step 1 of 3:

Calculate the correlation coefficient, r. Round your answer to six decimal places.

Step 2 of 3:

Determine if r is statistically significant at the 0.01

level.

Step 3 of 3:

Calculate the coefficient of determination, r2

. Round your answer to three decimal places.

Answer 1