Question: The linear regression line = + shows the dependence between demand for peanut butter (in kg / year) and the price (in EUROS / 250
The linear regression line = + shows the dependence between demand for peanut butter (in kg / year) and the price (in EUROS / 250 g). What can we say about the demand for the peanut butter if the price of this product will be 2 EUROS for 250 grams:
A) on average demand for peanut butter will decrease by 2 kg/year
B) on average demand for peanut butter will decrease by 12 kg/year
C) on average demand for peanut butter will increase by 12 kg/year
D) on average demand for peanut butter will be 8 kg/year
E) none of the above
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