Consider the following sample regression equation = 150 - 20x, where y is the demand for Product A (in 1,000s) and x is the price of the product (in $). If the price of Product A is $5, then we expect demand to be ________.
A) 50
B) 500
C) 5,000
D) 50,000

Question

Consider the following sample regression equation  = 150 - 20x, where y is the demand for Product A (in 1,000s) and x is the price of the product (in $). If the price of Product A is $5, then we expect demand to be ________.
A) 50 
B) 500 
C) 5,000 
D) 50,000

Quizplus · Accepted Answer

The Answer of Consider the following sample regression equation  = 150 - 20x, where y is the demand for Product A (in 1,000s) and x is the price of the product (in $). If the price of Product A is $5, then we expect demand to be ________.
A) 50 
B) 500 
C) 5,000 
D) 50,000

Consider the Following Sample Regression Equation = 150 -