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Regression anaylsis was applied between demand for a

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Reference no: EM13633662

Regression anaylsis was applied between demand for a product (Y) and the price of the product (X) and the following estimated regression line was obtained; Y = 120 - 10X. Based on the above regression equation, if the price is increased by 2 units, then the demand is expected to

a decrease by 100 units

b increase by 100 units

c increase by 20 units

d decrease by 20 units

e none of the above

Reference no: EM13633662

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