Question

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 55 items sold through an auction.

Price in Dollars 110 120 170 180 200
Number of Bids 11 14 17 19 20

Copy Data

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

Math   Statistics-And-Probability   
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Answer #1

solution:-

the correlation coefficient, r = 0.974 (rounded to three decimal places)

explanation:-

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