The table below gives the list price and the number of bidsreceived for five randomly selected items sold through onlineauctions. Using this data, consider the equation of the regressionline, yˆ=b0+b1x, for predicting the number of bids an item willreceive based on the list price. Keep in mind, the correlationcoefficient may or may not be statistically significant for thedata given. Remember, in practice, it would not be appropriate touse the regression line to make a prediction if the correlationcoefficient is not statistically significant. Price in Dollars 2126 28 35 43 Number of Bids 1 3 5 6 9 Table Step 6 of 6 : Find thevalue of the coefficient of determination. Round your answer tothree decimal places.
