Question: An item not included in the table is a pair
An item not included in the table is a pair of New York Knicks tickets. The auctioneer started the bidding at $300. Find the best predicted winning bid. Is the result close to the actual winning bid of $250?
Find the regression equation using α = 0.05, letting the first variable be the predictor (x) variable. Find the indicated predicted value by following the prediction procedure summarized in Figure.
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