Concept explainers
Demand for Candy Bars In this problem you will determine a linear demand equation that describes the demand for candy bars in your class. Survey your classmates to determine what price they would be willing to pay for a candy bar. Your survey form might look like the sample to the left.
(a) Make a table of the number of respondents who answered “yes” at each price level.
(b) Make a
(c) Find and graph the regression line
(d) What is the
Would you buy a candy bar from the vending machine in the hallway if the price is as indicated.
Price | Yes or No |
50¢ | |
75¢ | |
1.00$ | |
1.25$ | |
1.50$ | |
1.75$ | |
2.00$ |
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Chapter 1 Solutions
Algebra and Trigonometry (MindTap Course List)
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