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Consider the relationship between the number of bids an item on eBay received and the item's...

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.

Math   Advanced-Math   
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