# The company decides to conduct a market research survey to determine the best price for the device. The variable p represents price and q represents quantity demanded. The points are listed as (p, q). (14, 8200), (11, 9100), (16, 7750), (16, 8300), (14, 8900),(17, 7100), (13, 8955), (11, 9875), (11, 9425), (18, 5825) Make a scatter plot of the data.

The company decides to conduct a market research survey to determine the best price for the device. The variable p represents price and q represents quantity demanded. The points are listed as (p, q).

(14, 8200), (11, 9100), (16, 7750), (16, 8300), (14, 8900),

(17, 7100), (13, 8955), (11, 9875), (11, 9425), (18, 5825)

Make a scatter plot of the data. Does the data look like it has a linear form?

A company produces a security device known as Toejack. Toejack is a computer chip that parents insert between the toes of a child, so parents can track the child’s location at any time using an online system. The company has entered into an agreement with an Internet service provider, so the price of the chip will be low. Set up a demand function—a schedule of how many Toejacks would be demanded by the public at different prices.

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**Related Book For**

## Financial Algebra Advanced Algebra With Financial Applications

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

ISBN: 9781337271790