Regression Analysis Was Applied Between Demand for a Product (Y) $\hat { y }$

question 1

Multiple Choice

Regression analysis was applied between demand for a product (y) and the price of the product (x) , and the following estimated regression equation was obtained. $\hat { y }$ = 120 - 10x

Based on the above estimated regression equation, if price is increased by 2 units, then demand is expected to

• A) increase by 120 units.
• B) decrease by 100 units.
• C) increase by 20 units.
• D) decease by 20 units.

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Definitions:

Perceived Color

refers to the color an observer sees in various conditions, which can differ from the physical color due to lighting and context.

Depth Cue

Visual information that helps perceive the distance or three-dimensional characteristics of an object, scene, or spatial layout.

Interposition

A visual cue for depth perception where one object partially blocks the view of another, indicating that the blocking object is closer to the viewer.

Flat Canvas

Usually refers to a smooth, flat surface used by artists for painting.