Question: Bus Econ 1.3.29 Question Help The table contains price dash supplyprice-supply data andprice dash demandprice-demand data for corn. Find a linear regression model for the
Bus Econ 1.3.29 Question Help The table contains price dash supplyprice-supply data andprice dash demandprice-demand data for corn. Find a linear regression model for the price dash supplyprice-supply data where x is supply (in billions of bushels) and y is price (in dollars). Do the same for the price dash demandprice-demand data. Find the equilibrium price for corn. Price left parenthesis $ divided by bu right parenthesis($/bu) Supply left parenthesis billion bu right parenthesis(billion bu) Price left parenthesis $ divided by bu right parenthesis($/bu) Demand left parenthesis billion bu right parenthesis(billion bu) 2.122.12 6.346.34 2.092.09 9.819.81 2.262.26 7.437.43 2.132.13 9.379.37 2.362.36 7.577.57 2.222.22 8.348.34 2.442.44 7.847.84 2.322.32 8.148.14 2.472.47 8.238.23 2.342.34 7.887.88 2.552.55 8.298.29 2.452.45 6.866.86 Find a linear regression model for the price dash supplyprice-supply data where x is supply (in billions of bushels) and y is price (in dollars). yequals= nothing (Type an equation using x as the variable. Round to two decimal places as needed.) Enter your answer in the answer box and then click Check Answer. 2 parts remaining Clear All Check Answer
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