Demand for Smartphones The following table shows worldwide sales of a type of phone and their...
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Demand for Smartphones The following table shows worldwide sales of a type of phone and their average selling prices in 2012, 2013, and 2017. Year 2012 2013 2017 = Selling Price p ($100) 4 Sales q (billions) 0.6 3 1 2 2 Find the regression line (round coefficients to one decimal place). q(p): -0.7p+3.3 Use the regression line to estimate the demand (in millions of units sold) when the selling price was $350. 242 X million Demand for Smartphones The following table shows worldwide sales of a type of phone and their average selling prices in 2012, 2013, and 2017. Year 2012 2013 2017 = Selling Price p ($100) 4 Sales q (billions) 0.6 3 1 2 2 Find the regression line (round coefficients to one decimal place). q(p): -0.7p+3.3 Use the regression line to estimate the demand (in millions of units sold) when the selling price was $350. 242 X million
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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