What is the predicted demand of a bobblehead that has price

Reference no: EM133613797

Problem: Market researchers were interested in the relationship between the price of bobbleheads and the demand of bobbleheads. Information was collected from a survey and used to obtain the regression equation y^ = -0.227x + 50.455, where x represents the price of bobbleheads (measured in dollars) and y^ is the predicted demand of bobbleheads (in units). What is the predicted demand of a bobblehead that has price of $6.00?

Reference no: EM133613797

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