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