Two researchers analyze the same data set. Researcher A uses a two-independent sample t test and decides to retain the null hypo
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750 bikes would be sold for $350
Let x represent the number of bikes sold per month and y represent the price.
550 bikes are sold at a price of $250, this can be represented by (550, 250). Also, 750 bikes is sold at a price of $150, hence it is represented by (750, 150)
A linear function is represented by:
y = mx + b
m is the slope, b is the y intercept.
Therefore the function is:
The number of bikes sold for $350 is:
350 = (1/2)x - 25
x = 750
Therefore 750 bikes would be sold for $350
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The discriminant is
which is 0.
Since the discriminant is 0, there is only one real solution.