ases of Wine Sold at Five Price Levels ses Sold per 10,000 pulation Price per Bottle 23, 21 $10 19, 18 11 15, 17 12 19, 20 13 25, 24 14
ases of Wine Sold at Five Price Levels ses Sold per 10,000 pulation Price per Bottle 23, 21 $10 19, 18 11 15, 17 12 19, 20 13 25, 24 14
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:TABLE 3.4
A distributor of table wines conducted a study of the relationship between price and
demand using a type of wine that ordinarily sells for $10.00 per bottle. He sold this
wine in 10 different marketing areas over a 12-month period, using five different
price levels from $10 to $14. The data are given in Table 3.4. Construct a scatter-
plot for the data, and use the graph to describe the relationship between price and
demand.
Cases of Wine Sold at Five Price Levels
Cases Sold per 10,000
Population
Price per Bottle
23, 21
$10
19, 18
11
15, 17
12
19, 20
13
25, 24
14
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