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Regression Analysis Was Applied Between Demand for a Product (Y)

question 94

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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. ​ 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. ​   = 120 - 10x ​ Based on the above estimated regression equation, if price is increased by 3units, then demand is expected to A)  increase by 120 units. B)  decrease by 100 units. C)  increase by 30 units. D)  decease by 30 units. = 120 - 10x

Based on the above estimated regression equation, if price is increased by 3units, then demand is expected to

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