A quadratic regression was fitted to the data. Parts of the computer output appear below. Predictor Coef Stdev t-ratio Constant 7990.0 724.7 11.03 0.000 price -10660 1151 -9.26 0.000 price2 3522.3 436.8 0.000 Analysis of Variance SOURCE DF SS MS Regression 2. 16060569 8030284 125.11 0.000 Error 60 3851231 64187 Total 62 19911800 a) Write the appropriate model for the abovedata (3 marks) b) According to this model, how many units will be sold, on average, when the price of the beverage is $L10? (2 marks)

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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A quadratic regression was fitted to the data. Parts of the computer output
appear below.
Predictor
Coef
Stdev
t-ratio
Constant
7990.0
724.7
11.03
0.000
price
-10660
1151
-9.26
0.000
price2
3522.3
436.8
0.000
Analysis of Variance
SOURCE
DF
SS
MS
P.
Regression
16060569
8030284
125.11
0.000
Error
60
3851231
64187
Total
62
19911800
a) Write the appropriate model for the abovedata (3 marks)
b) According to this model, how many units will be sold, on average, when the
price of the beverage is $1.10? (2 marks)
Transcribed Image Text:A quadratic regression was fitted to the data. Parts of the computer output appear below. Predictor Coef Stdev t-ratio Constant 7990.0 724.7 11.03 0.000 price -10660 1151 -9.26 0.000 price2 3522.3 436.8 0.000 Analysis of Variance SOURCE DF SS MS P. Regression 16060569 8030284 125.11 0.000 Error 60 3851231 64187 Total 62 19911800 a) Write the appropriate model for the abovedata (3 marks) b) According to this model, how many units will be sold, on average, when the price of the beverage is $1.10? (2 marks)
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