13 An antiques dealer is interested in factors that might in

#13

An antiques dealer is interested in factors that might influence the final selling price of grandfather clocks at auction. Her data (from 32 previously auctioned clocks) includes the age of the clock (Age), the number of bidders (Bidders) at the auction, and the final selling price (Y) of the clocks. Which of the following is the correct interpretation of b_2, the estimated coefficient for Bidders?

Solution

option (B) is correct.