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)150216170208190191210188230182250168A.. 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 parametersC. 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

Here data is given for weekly demand and price. We have to answer for mentioned questions.

Answered: There is a functional relationship…

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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