Question: The following data represent the price and quantity supplied in 2009 for Dell personal computers. Price ($/Computer) . Quantity Supplied 2300 .. 150 2000 ..

The following data represent the price and quantity supplied in 2009 for Dell personal computers.

Price ($/Computer) ………………………. Quantity Supplied

2300 ……………………………………………….. 150

2000 ……………………………………………….. 180

1700 ……………………………………………….. 173

1500 ……………………………………………….. 160

1300 ……………………………………………….. 137

1200 ……………………………………………….. 130

1000 ……………………………………………….. 113


(a) Using a graphing utility, draw a scatter diagram of the data with price as the dependent variable.

(b) Using a graphing utility, build a logarithmic model from the data.

(c) Using a graphing utility, draw the logarithmic function found in part (b) on the scatter diagram.

(d) Use the function found in part (b) to predict the number of Dell personal computers that will be supplied if the price is $1650.

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