9
QuizMultiple Choice

Modeling for Business: Part Two — Test

Question 9 • Financial Math

Which statement is true based on the data and the regression equation?

Answer
A
The demand will increase steadily as the price rises beyond 300 dollars.
B
Demand will increase as the price rises until it reaches 396 dollars, and then it will decrease further if the price increases.
C
Demand will decrease as the price rises until it reaches 642 dollars, which will increase further if the price increases.
D
The demand will remain unchanged as the price increases from 400 dollars to 600 dollars.
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