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Consider the Following Sample Regression Equation = 150 -

Question 3

Multiple Choice

Consider the following sample regression equation 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 = 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

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