Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Market researchers were interested in the relationship between the price of bobbleheads and the demand of
bobbleheads. Information was collected from a survey and was used to obtain the regression equation ý = -0.277X +
50.455, where x represents the price of a bobblehead (measured in dollars) and ŷ is the predicted demand of
bobbleheads in units). Which statement best describes the meaning of the slope of the regression line?
* For each increase in demand by 1 unit, the predicted price decreases by $0.227.
For each increase in demand by 1 unit, the predicted price decreases by $50.455.
For each increase in price by $1, the predicted demand decreases by 0.227 units.
For each increase in price by $1, the predicted demand decreases by 50.455 units.

Sagot :

Answer:

for each increase in prices by $1, the predicted demand decreases by 0.227 units.

Step-by-step explanation:

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.