Question: Please can you help me in it? Computer Demand Task Name: T /100 The following data represent the prices of IBM personal computers and the

Please can you help me in it?

Computer Demand Task Name: T /100 The following data represent the prices of IBM personal computers and the demand for these computers at a computer store in 2013 Price ($/computer) 2300 2000 1700 1500 1300 1200 1000 Demand (number of 152 159 164 171 176 180 189 computers A. Based on the information, what would you predict the demand would have been for computers priced at $1600? B. What is the dependent variable in this situation? Enter the data into any software program or graph paper and create a scatter plot C. Is it easy to identify what type of function you could use to model this situation? Explain your answer Computer Demand Task D. Try fitting the function to the scatter plot you created. Try linear, quadratic and exponential regressions Linear Model: Quadratic Model: Exponential Model: E. Which type of function gives you the best fit? Explain your choice F. Use the algebraic model you found to determine the price that would have a demand of 195 computers. G. Use your model to predict the demand for computers priced at $1600 H. How could you use the table of values to determine what type of function the data approximates? 1. How could you have used your graph to answer parts F and G

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Introduction In 2004, Scott Struthers and Geoff Spencer returned to Sonance, the high-end audio company they founded in 1982, to wrestle with a number of important decisions. After several years...

MGT411 Innovative and Creative Business Thinking University of Phoenix Material Organizational Ecosystem Case Study Wal-Mart Stores, Inc. is a leading company in its industry and a widely recognized...

Int. J. Business Excellence, Vol. X, No. Y, xxxx From stale to spicy to superb: a spanking new Apple John Wang* Department of Information and Operations Management, Montclair State University,...

Apple Computer had clearly established itself as the product leader in its industry by being the first company to market a complete personal computer in 1976. But by 1992, the industry had evolved in...

Benchmarking: An International Journal Impact of e-procurement on procurement practices and performance Gioconda Quesada Marvin E. Gonzlez James Mueller Rene Mueller Downloaded by UNIVERSITY OF...

CHA P TER 9 Understanding Software: A Primer for Managers 1. INTRODUCTION L E A R N I N G O B J E C T I V E S 1. Recognize the importance of software and its implications for the rm and strategic...

This case was written by Professor Michele Greenwald, Visiting Professor of Marketing at HEC Paris, for use with Advertising and Promotion: An Integrated Marketing Communications Perspective 7th...

I have attached both the chapters from which you will be answering the following question. Ch 8 (p 387 of text or p 35 of the pdf) ?Exercise D. Prepare the bank reconciliation and any required...

In the case "H. J. Heinz M&A" what is the financial analysis of the case? Please explain the financials. Send only a word file with the tables of financials and the explanation of each financial. I...

Bozena Inc. issued a $200,000, 8%, three-year bond on November 1, 2014, for cash of $194,792. Interest is to be paid quarterly. The annual market rate of interest is 9%. Assume a year-end of December...

One mole of nitrogen is contained in a vessel of volume V = 1.00 1. Find: (a) The temperature of the nitrogen at which the pressure can be calculated from an ideal gas law with an error = 10% (as...

1. (True/False): You can read sectors from a hard drive using INT 21h Function 7305h under Windows Me, but not under Windows XP.

P(A) =0.300 P(B) =0.340 P(A and B) =0.130 P(C) = 0.200 Can you compute the probability of event A or B and enter the answer with 3 decimal places?