18) a company is planning to manufacture a new blender. after conducting extensive
market surveys, the research department estimates a weekly demand of 600 blenders at
a price of $50 per blender and a weekly demand of 800 blenders at a price of $40 per
blender. assuming the demand equation is linear, use the research department's
estimates to find the revenue equation in terms of the demand x.

Given are five observations for two variables, x and y. xi 1 2 3 4 5 yi 3 7 5 11 14 which of the following is a scatter diagrams accurately represents the data? what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? try to approximate the relationship betwen x and y by drawing a straight line through the data. which of the following is a scatter diagrams accurately represents the data? develop the estimated regression equation by computing the values of b 0 and b 1 using equations (14.6) and (14.7) (to 1 decimal). = + x use the estimated regression equation to predict the value of y when x = 4 (to 1 decimal). =