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Module 4 Chp 11 probelm 18 part a part 2

Module 4 Chp 11 probelm 18 part a part 2 - 18 An antique...

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for a particular item increases with its age and with the number of bidders. The file P11_18.xlsx contains data on these three variables for 32 recently auctioned comparable items. the price received for the item increases with its age and with the number of bidders? The file P11_18.xlsx Auction Price and Potentially Relevant Data SUMMARY OUTPUT Auction_Price Age_of_Item Number_Bidders $946 113 9 Regression Statistics $1,336 126 10 Multiple R 0.944835 $744 115 7 R Square 0.892713 $1,979 182 11 Adjusted R Square 0.885314 $1,522 150 9 Standard Error 133.1365 $1,235 127 13 Observations 32 $1,483 159 9 $1,152 117 13 ANOVA $1,545 175 8 df SS MS F Significance F $1,262 168 7 Regression 2 4277159.703405 2138580 120.6510727 8.769066E-015 $845 127 7 Residual 29 514034.515345 17725.33 $1,055 108 14 Total 31 4791194.21875 $1,253 132 10 $1,297 137 9 Coefficients Standard Error t Stat
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