The accompanying table gives the relationship between the price of custard pies and the number of pies Jacob buys per week: Price ($ per pie) $3.00 2.00 5.00 6.00 1.00 4.00 Quantity of pies 6 7 4 3 8 5 Week July 2 July 9 July 16 July 23 July 30 August 6 a. Is the relationship between the price of pies and the number of pies Jacob buys a positive relationship or a negative relationship? A. Negative relationship OB. Positive relationship Assume that when plotting a graph, price (in dollars per pie) is on the y-axis and quantity (in pies per week) is on the x-axis. When plotting the points, when the y-value is 1, the x-value is 8, when the y-value is 2, the x-value is 7, when the y-value is 3, the x-value is 6, when the y-value is 4, the x-value is 5, when the y-value is 5, the x-value is 4, and when the y-value is 6, the x-value is 3 (Enter your responses as whole numbers.) The line that best fits the data

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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The accompanying table gives the relationship between the price of custard pies and the number of pies Jacob buys per week:
Price
($ per pie)
$3.00
2.00
5.00
6.00
1.00
4.00
Quantity of pies
6
7
4
3
8
5
Week
July 2
July 9
July 16
July 23
July 30
August 6
a. Is the relationship between the price of pies and the number of pies Jacob buys a positive relationship or a negative relationship?
A. Negative relationship
OB. Positive relationship
Assume that when plotting a graph, price (in dollars per pie) is on the y-axis and quantity (in pies per week) is on the x-axis. When plotting the points, when the y-value is 1, the x-value is 8, when
the y-value is 2, the x-value is 7, when the y-value is 3, the x-value is 6, when the y-value is 4, the x-value is 5, when the y-value is 5, the x-value is 4, and when the y-value is 6, the x-value is 3
(Enter your responses as whole numbers.)
The line that best fits the data
Transcribed Image Text:The accompanying table gives the relationship between the price of custard pies and the number of pies Jacob buys per week: Price ($ per pie) $3.00 2.00 5.00 6.00 1.00 4.00 Quantity of pies 6 7 4 3 8 5 Week July 2 July 9 July 16 July 23 July 30 August 6 a. Is the relationship between the price of pies and the number of pies Jacob buys a positive relationship or a negative relationship? A. Negative relationship OB. Positive relationship Assume that when plotting a graph, price (in dollars per pie) is on the y-axis and quantity (in pies per week) is on the x-axis. When plotting the points, when the y-value is 1, the x-value is 8, when the y-value is 2, the x-value is 7, when the y-value is 3, the x-value is 6, when the y-value is 4, the x-value is 5, when the y-value is 5, the x-value is 4, and when the y-value is 6, the x-value is 3 (Enter your responses as whole numbers.) The line that best fits the data
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