Refer to Exercise 2.97 (p. 106). The data in the value of 50 Beanie Babies collector's items, published in Beanie World Magazine, are reproduced on the next page. Can age (in months as of Sept. 1998) of a Beanie Baby be used to accurately predict its market value? Answer this question by conducting a complete simple linear regression anlysis on the data. Use the SAS printout on page 550.
Exercise 2.97
Beanie Babies are toy stuffed animals that have , become valuable collector's items since the introduction of Ally the Alligator in 1994. Beanie World Magazine provided the information (page 107) on 50 Beanie Babies.
a. Summarize the retired/current status of the 50 Beanie Babies with an appropriate graph. Interpret the graph.
b. Summarize the values of the 50 Beanie Babies with an appropriate graph. Interpret the graph
c. Use a graph to portray the relationship between a Beanie Baby's value and its age. Do you detect a trend?
