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 55 items sold through an auction.

Price in Dollars	128128	158158	164164	167167	185185
Number of Bids	1313	1515	1616	1818	1818 Table Copy Data Step 1 of 5: Calculate the sum of squared errors (SSE). Use the values b0=0.8743b0=0.8743 and b1=0.0943b1=0.0943 for the calculations. Round your answer to three decimal places. Calculate the estimated variance of errors, s2ese2. Round your answer to three decimal places. Calculate the estimated variance of slope, s2b1sb12. Round your answer to three decimal places. Construct the 90% confidence interval for the slope. Round your answers to three decimal places. Construct the 99% confidence interval for the slope. Round your answers to three decimal places.

Answer 1