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Author Question: A regression analysis between demand (Y in 1000 units) and price (X in dollars) resulted in the ... (Read 74 times)

rubiosusy7

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on: Mar 25, 2023

A regression analysis between demand (Y in 1000 units) and price (X in dollars) resulted in the following equation

= 9 - 3X

The above equation implies that if the price is increased by $1, the demand is expected to


◦

increase by 6 units


◦

decrease by 3 units


◦

decrease by 6,000 units


◦

decrease by 3,000 units

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by rubiosusy7 on Mar 25, 2023

marufp

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rubiosusy7

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Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)

ashely1112

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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