A company manufactures notebook computers. Its marketing research department, using statistical techniques, collected the data shown in the table, where p is the wholesale price per computer which x thousand computers can be sold. Using special analytical techniques (regression analysis), an analyst produced the price-demand function p(x)=1,600-40x, 1≤x≤25 to model the data Complete parts (A) and (B) below (A) Plot the data points in the table, and sketch a graph of the price-demand function in the same coordinate system. Choose the correct graph to the right. (B) What would be the estimated price per computer for a demand of 4,000 computers? For a demand of 23,000 computers? The estimated price per computer for a demand of 4,000 computers is $ The estimated price per computer for a demand of 23,000 computers is S SOA. 1520 1360 1200- 1040 AP(X) 880- 720- 560- O. C. 0 5 10 15 20 25 AP(X) 1520 1360- 1200- 1040 880 720 560- Q Q Q OB. 1520 1360- 1200- 1040- 880- 720 560- O D. 1520 1360 1200- 1040 APOX) 0 5 10 15 20 25 APO 880- 720- 560 SOU Q 1 3 11 24 25 PO 1560 1480 1160 640 600

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1560
A company manufactures notebook computers. Its marketing research department, using statistical techniques, collected the data shown in the table, where p is the wholesale price per computer at x(thousands) p($)
which x thousand computers can be sold. Using special analytical techniques (regression analysis), an analyst produced the price-demand function p(x) = 1,600-40x, 1 ≤x≤25 to model the data.
Complete parts (A) and (B) below.
3
1480
1160
640
600
(A) Plot the data points in the table, and sketch a graph of the price-demand function in the same coordinate
system.
Choose the correct graph to the right.
(B) What would be the estimated price per computer for a demand of 4,000 computers? For a demand of
23,000 computers?
The estimated price per computer for a demand of 4,000 computers is $.
The estimated price per computer for a demand of 23,000 computers is $
OA.
AP(x)
1520
1360
1200-
1040-
880-
720
560
OC.
0 5 10 15 20 25
AP(X)
1520
1360-
1200-
10404
880-
720-
560-
LT
0 5 10 15 20 25
Q
Q
ปี
Q
Q
O B.
1520
1360-
1200
1040-
880-
720-
560-
O D.
1040
AP(X)
0 5 10 15 20 25
1520
1360-
1200
AP(x)
880-
720-
560-
0 5 10 15 20 25
Q
Q
G
Q
Q
11
24
25
Transcribed Image Text:1 1560 A company manufactures notebook computers. Its marketing research department, using statistical techniques, collected the data shown in the table, where p is the wholesale price per computer at x(thousands) p($) which x thousand computers can be sold. Using special analytical techniques (regression analysis), an analyst produced the price-demand function p(x) = 1,600-40x, 1 ≤x≤25 to model the data. Complete parts (A) and (B) below. 3 1480 1160 640 600 (A) Plot the data points in the table, and sketch a graph of the price-demand function in the same coordinate system. Choose the correct graph to the right. (B) What would be the estimated price per computer for a demand of 4,000 computers? For a demand of 23,000 computers? The estimated price per computer for a demand of 4,000 computers is $. The estimated price per computer for a demand of 23,000 computers is $ OA. AP(x) 1520 1360 1200- 1040- 880- 720 560 OC. 0 5 10 15 20 25 AP(X) 1520 1360- 1200- 10404 880- 720- 560- LT 0 5 10 15 20 25 Q Q ปี Q Q O B. 1520 1360- 1200 1040- 880- 720- 560- O D. 1040 AP(X) 0 5 10 15 20 25 1520 1360- 1200 AP(x) 880- 720- 560- 0 5 10 15 20 25 Q Q G Q Q 11 24 25
Expert Solution
Step 1

The question is about regression

Given :

Reg. eq.

p ( x ) = 1600-40x

 

Data :

Statistics homework question answer, step 1, image 1

 

To find :

A ) Plot a data points

B ) Estimated price per computer for 4000 and 23000 computers

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