a. Examine the data without drawing a scatter plot, describe any trends that you see. b. Draw a scatter plot, describe the correlation. (attach link to scatterplot here) c. Based on this information how many rental might be anticipated if the company instituted a new price. category of $6.99. Explain your reasoning.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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3. MoviePlay is an online movie rental service. They have a sliding price list based upon the popularity of the
movies. The table below shows the rentals by price category for the month of September. Let x represent the
price and y represent the number of movies rented at that price.
what are your notices and wonderings with the table of values?
What type of data is presented: univariate or bivariate?
What are those data represented on the table of values and how can you represent the data given in a
different way in order to graph it as a scatter plot?
Explain the relationship between the data represented as a table of values and as a scatter plot. Refer to
the context of "sliding price rule." What happens to the # of rentals in relation to the rental price and vice
versa?
Remember in Algebra information can be represented four different ways: GRAPH, TABLE OF VALUES,
ALGEBRAIC NOTATION and as WORD PROBLEM.
Price # of rentals
5.99
800
4.99
1,000
3.99
1,200
2.99
1,380
1.99
1,672
0.99
1,903
a. Examine the data without drawing a scatter plot, describe any trends that you see.
b. Draw a scatter plot, describe the correlation. (attach link to scatterplot here)
c. Based on this information how many rental might be anticipated if the company instituted a new price
category of $6.99. Explain your reasoning.
Transcribed Image Text:3. MoviePlay is an online movie rental service. They have a sliding price list based upon the popularity of the movies. The table below shows the rentals by price category for the month of September. Let x represent the price and y represent the number of movies rented at that price. what are your notices and wonderings with the table of values? What type of data is presented: univariate or bivariate? What are those data represented on the table of values and how can you represent the data given in a different way in order to graph it as a scatter plot? Explain the relationship between the data represented as a table of values and as a scatter plot. Refer to the context of "sliding price rule." What happens to the # of rentals in relation to the rental price and vice versa? Remember in Algebra information can be represented four different ways: GRAPH, TABLE OF VALUES, ALGEBRAIC NOTATION and as WORD PROBLEM. Price # of rentals 5.99 800 4.99 1,000 3.99 1,200 2.99 1,380 1.99 1,672 0.99 1,903 a. Examine the data without drawing a scatter plot, describe any trends that you see. b. Draw a scatter plot, describe the correlation. (attach link to scatterplot here) c. Based on this information how many rental might be anticipated if the company instituted a new price category of $6.99. Explain your reasoning.
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