Multiple Choice
Regression analysis was applied between demand for a product (y) and the price of the product (x) , and the following estimated regression equation was obtained. = 120 - 10x
Based on the above estimated regression equation, if price is increased by 2 units, then demand is expected to
A) increase by 120 units.
B) decrease by 100 units.
C) increase by 20 units.
D) decease by 20 units.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: If two variables, x and y, have
Q2: You are given the following information
Q3: You are given the following information
Q4: A regression and correlation analysis resulted
Q5: A company has recorded data on
Q6: In a regression analysis, the coefficient of
Q8: You are given the following information
Q10: The following information regarding a dependent
Q66: In a residual plot against x that
Q87: The mathematical equation relating the independent variable