1. The demand and price of a specific product is given in the following table: (Add ID with Demand column, as value + ID
Posted: Mon Sep 06, 2021 7:10 am
1. The demand and price of a specific product is given in the
following table:
(Add ID with Demand column, as value + ID)
a) Find the relationship between demand and price using a scatter
diagram and
comment (interpret).
b) Find correlation coefficient and comment.
Assume ID is 20
Need step by step solution.
following table:
(Add ID with Demand column, as value + ID)
a) Find the relationship between demand and price using a scatter
diagram and
comment (interpret).
b) Find correlation coefficient and comment.
Assume ID is 20
Need step by step solution.