The following table shows worldwide sales and projected sales of a certain type of phone and their average selling prices in 2020, 2022, and 2024. Year 2020 2022 2024 Selling Price ($100) p 6 5 4.5 Sales (billions) q 1 1.2 1.3 Find the regression line. q(p) = Use the regression line to estimate the demand (in millions of units sold) when the selling price was $250. 1.6 X million
The following table shows worldwide sales and projected sales of a certain type of phone and their average selling prices in 2020, 2022, and 2024. Year 2020 2022 2024 Selling Price ($100) p 6 5 4.5 Sales (billions) q 1 1.2 1.3 Find the regression line. q(p) = Use the regression line to estimate the demand (in millions of units sold) when the selling price was $250. 1.6 X million
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 43SGR
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Question
nkt.1
![The following table shows worldwide sales and projected sales of a certain type of phone and their average selling prices in 2020, 2022, and 2024.
Year
2020
2022 2024
Selling Price ($100) p
6
5
4.5
Sales (billions) q
1
1.2
1.3
Find the regression line.
q(p) =
Use the regression line to estimate the demand (in millions of units sold) when the selling price was $250.
X million
1.6
Need Help?
Read It
Master It](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb560e5df-acb7-4796-ae16-94e6c61b7204%2Feeccb27b-53ac-4725-9330-4f1bfbf16e05%2F9u5jr5f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following table shows worldwide sales and projected sales of a certain type of phone and their average selling prices in 2020, 2022, and 2024.
Year
2020
2022 2024
Selling Price ($100) p
6
5
4.5
Sales (billions) q
1
1.2
1.3
Find the regression line.
q(p) =
Use the regression line to estimate the demand (in millions of units sold) when the selling price was $250.
X million
1.6
Need Help?
Read It
Master It
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