Solution) A researcher is interested in determining whether there is a relationship between price and quantity
Question: A researcher is interested in determining whether there is a relationship between price and quantity demanded for her firm. n = 11.
| Price(X) | Q-demanded(Y) |
| 2 | 95 |
| 3 | 90 |
| 4 | 84 |
| 5 | 80 |
| 6 | 74 |
| 7 | 69 |
| 8 | 62 |
| 9 | 60 |
| 10 | 63 |
| 11 | 50 |
| 12 | 44 |
∑X = 77; ∑Y = 771; ∑XY = 4,867; ∑X2 = 649; ∑ Y2 = 56,667
Price: $2.99
Solution: The solution file consists of 3 pages
Deliverables: Word Document
Deliverables: Word Document
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