Objective [2.6]Situation: The Ipod Touch has been out for two years now and a lot of data has been collected.Relevant Relationship:There is a functional relationship between Price of an IPod Touch,p and Weekly Demand,s.Below is a table of data that have been collectedPrice,p,($) Weekly Demand, s,(1,000s)150170190210230250215202198188178171A.. Find the linear model that best fits this data using regression and enter the model below(for entry round the linear parameter value to nearest 0.01 and constant parameter to nearest 1)S = T(p)=B. The squared correlation coefficient was Select an answer 0.95(note: values less than 0.95 MAY mean the model is not appropriate for making predictions)Now answer these two questions using the UNROUNDED model parametersC. What does the model predict will be the weekly demand if the price of an ipod touch is $235 ?(nearest 100)D. According to the model at what should the price be set in order to have a weekly demand of202,800 ipod Touches? $(nearest $1)Note: In the "real" world Apple sold about 20 million Ipod Touch's from Sept. 2007-Sept. 2009

Regression analysis Note that I used R software for my calculations.

Answered: Relevant Relationship: There is a…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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help ASAP
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There is a functional relationship between Price of an IPod Touch,p and Weekly Demand,s. Below is a table of data that have been collected Price,p,($) Weekly Demand,s,(1,000s) 150 216 170 208 190 191 210 188 230 182 250 168 A.. Find the linear model that best fits this data using regression and enter the model below (for entry round the linear parameter value to nearest 0.01 and constant parameter to nearest 1) s = T(p) B. The squared correlation coefficient rf was Select an answer v 0.95 (note: values less than 0.95 MAY mean the model is not appropriate for making predictions) Now answer these two questions using the UNROUNDED model parameters C. What does the model predict will be the weekly demand if the price of an ipod touch is $189? (nearest 100) D. According to the model at what should the price be set in order to have a weekly demand of 183,900 (nearest $1) ipod Touches? S
please solve all parts as soon as possible
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