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Bidders and Auction Prices

APSTAT-FYD1LW

An artist frequently sells his oil paintings on an online auction site. He wants to determine if there is a relationship between the number of bidders for his artwork and the final auction price.

Consider the following values for number of bidders (x) and auction prices (y):

x 10 14 2 12 4 8 13
y 1225 944 1245 1711 936 1036 1041



A regression analysis resulted in the following output:

What is the value of the residual for the point with an $x$-value of $2$?​

A

$1245$

B

$127$

C

$1118$

D

$2363$

E

$1105$