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Author Question: Regression analysis was applied between demand for a product (Y) and the price of the product (X), ... (Read 53 times)

shanell

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on: Mar 25, 2023

Regression analysis was applied between demand for a product (Y) and the price of the product (X), and the following estimated regression equation was obtained.

= 120 - 10 X

Based on the above estimated regression equation, if price is increased by 2 units, then demand is expected to


◦

increase by 120 units


◦

increase by 100 units


◦

increase by 20 units


◦

decease by 20 units

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

dude123

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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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shanell

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

hramirez205

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

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