Question: Situation: The Ipod Touch has been out for two years now and a lot of data has been collected. Relevant Relationship: There is a functional

Situation: The Ipod Touch has been out for two years now and a lot of data has been collected. Relevant Relationship: There is a functional relationship between Price of an IPod Touch,p and Weekly Demand,s. Below is a table of data that have been collected Price,p,($) Weekly Demand,s,(1,000s) 150 212 170 203 190 197 210 186 230 182 250 172 A.. Find the linear model that best fits this data using regression and enter the model below (for entry round the linear parameter value to nearest 0.01 and constant parameter to nearest 1) s - T(P) - B. The squared correlation coefficient ? was Select an answer ~ |0.95 (note: values less than 0.95 MAY mean the model is not appropriate for making predictions) Now answer these two questions using the UNROUNDED model parameters

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