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Price in Dollars 2727 2828 2929 3131 3939 Number of Bids 33 77 88 99 1010...

Price in Dollars 2727 2828 2929 3131 3939
Number of Bids 33 77 88 99 1010

Table

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Step 2 of 5:

Calculate the estimated variance of errors, s2ese2. Round your answer to three decimal places.

Math   Statistics-And-Probability   
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Answer #1

The statistical software output for this problem is:

From the above output:

Estimated variance of errors = se2 = MSE = 4.437

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