A regression analysis between sales (in $1000s) and price (in dollars) resulted in the following equation: ŷ = 50,000 − 8x The a
1 answer:
Answer:
b. $1 in price is associated with a decrease of $8,000 in sales
Step-by-step explanation:
Linear function:
A linear function has the following format:
In which m is the slope, which represents by how much y changes when x changes by 1.
ŷ = 50,000 − 8x
This means that , in thousands of dollars, so when the price x increases by 1, the sales will be decrease by $8,000, and thus, the correct answer is given by option b.
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Answer: -18
<u>Explanation:</u>
Average rate of change is slope: . Need to find the y-coordinates:
g(x) = -x² - 4x
g(6) = -(6)² - 4(6)
= -36 - 24
= -60
⇒ (6, -60)
g(8) = -(8)² - 4(8)
= -64 - 32
= -96
⇒ (8, -96)
m =
=
= -18