Situation: The Ipod Touch has been out for twoyears now and a lot of data has been collected.
Relevant Relationship:
There is a functional relationship between Price of an IPodTouch,pp and Weekly Demand,ss.
Below is a table of data that have been collected
| Price,pp,($) | Weekly Demand,ss,(1,000s) |
|---|
| 150 | 210 |
| 170 | 209 |
| 190 | 199 |
| 210 | 186 |
| 230 | 184 |
| 250 | 176 |
A.. Find the linear model that best fits this datausing regression and enter the model below
(for entry round the linear parameter value to nearest 0.01 andconstant parameter to nearest 1)
s=T(p)=s=T(p)=Â Â Â
Now answer these two questions using the UNROUNDED modelparameters
B. What does the model predict will be the weeklydemand if the price of an ipod touch is $249 ?  (nearest100)
C. According to the model at what should the pricebe set in order to have a weekly demand of 189,600 ipod Touches? $(nearest $1)
