Limited access

Upgrade to access all content for this subject

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 numbers 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:

Created for Copyright 2017. All rights reserved.

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











Select an assignment template