The table contains price-supply data and price-demand data for corn. Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars). Do the same for the Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars). price-demand data. Find the equilibrium price for corn. y= 0.19x + 0.96 TIT T Price ($/ bu) Supply (billion bu) Price ($/ bu) Demand (billion bu) (Type an equation using x as the variable. Round to two decimal places as needed.) 2.17 6.33 2.09 9.94 Find a linear regression model for the price-demand data where x is demand (in billions of bushels) and y is price (in dollars). 2.27 7.44 2.14 9.33 2.38 7.72 2.28 8.44 2.46 7.89 2.33 8.01 y=O (Type an equation using x as the variable. Round to two decimal places as needed.) 2.43 8.15 2.33 7.82 2.57 8.31 2.46 6.95
The table contains price-supply data and price-demand data for corn. Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars). Do the same for the Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars). price-demand data. Find the equilibrium price for corn. y= 0.19x + 0.96 TIT T Price ($/ bu) Supply (billion bu) Price ($/ bu) Demand (billion bu) (Type an equation using x as the variable. Round to two decimal places as needed.) 2.17 6.33 2.09 9.94 Find a linear regression model for the price-demand data where x is demand (in billions of bushels) and y is price (in dollars). 2.27 7.44 2.14 9.33 2.38 7.72 2.28 8.44 2.46 7.89 2.33 8.01 y=O (Type an equation using x as the variable. Round to two decimal places as needed.) 2.43 8.15 2.33 7.82 2.57 8.31 2.46 6.95
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
12 please answer the 2nd y
Transcribed Image Text:The table contains price-supply data and price-demand data for corn. Find a linear regression model for the
price-supply data where x is supply (in billions of bushels) and y is price (in dollars). Do the same for the
price-demand data. Find the equilibrium price for corn.
Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is
price (in dollars).
у%3D 0.19х + 0.96
TTIT T
Price ($/ bu)
Supply (billion bu)
Price ($/ bu)
Demand (billion bu)
(Type an equation using x as the variable. Round to two decimal places as needed.)
2.17
6.33
2.09
9.94
Find a linear regression model for the price-demand data where x is demand (in billions of bushels) and y is
price (in dollars).
2.27
7.44
2.14
9.33
2.38
7.72
2.28
8.44
2.46
7.89
2.33
8.01
2.43
8.15
2.33
7.82
y =
2.57
8.31
2.46
6.95
(Type an equation using x as the variable. Round to two decimal places as needed.)
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