Hello, I am trying to find the equations on my calculator for the price-demand and price supply equations. The data is in the attached image. I think I am doing something wrong, but not sure what. I...


Hello,


I am trying to find the equations on my calculator for the price-demand and price supply equations. The data is in the attached image.


I think I am doing something wrong, but not sure what.


I found the quadratic regression model for the first set of data using my calculator, but I used the p=D(x) as list one, and x, as list two. I came up with


0.028x^2-23x +5743


is this right? or do I need the reverse the order?



For the price-supply data I but the p=S(x) as list 1 and x as list 2 and I got the linear regression function:


2 5.1x+342


Can you please let me know if I am on the right track?


Price-Demand:<br>p = D(x)<br>984<br>410<br>2140<br>220<br>2940<br>143<br>4200<br>55<br>5125<br>45<br>Price-Supply<br>p = S(x)<br>984<br>21<br>2140<br>77<br>2940<br>|108<br>4200<br>|150<br>5125<br>190<br>Find a quadratic regression model for the price-demand data and a linear regression model for the<br>price-supply data. Use these models to answer the following questions.<br>

Extracted text: Price-Demand: p = D(x) 984 410 2140 220 2940 143 4200 55 5125 45 Price-Supply p = S(x) 984 21 2140 77 2940 |108 4200 |150 5125 190 Find a quadratic regression model for the price-demand data and a linear regression model for the price-supply data. Use these models to answer the following questions.

Jun 08, 2022
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