
Concept explainers
Demand for Mobile Data The following table shows the worldwide demand for mobile smartphone data in terms of its price per megabyte (MB):38
Price p ($/MB) | 0.01 | 0.03 | 0.06 | 0.10 | 0.20 | 0.46 |
Demand q (MB/smartphone user) | 4,000 | 1,000 | 700 | 500 | 300 | 150 |
Which of the following kinds of models would best fit the given data? Explain your choice of model. (A, a, b, and c are constants.)
(A)
(B)
(C)
(D)

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Chapter 1 Solutions
Finite Mathematics
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