
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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![### Understanding the Relationship Between Variables
#### Problem Statement:
If the slope of the fitted regression line is -0.91, then describe the relationship between two variables: **Demand in number of units (y)** and **price in dollars (x)**.
*Provide one or two sentences and use the variable names properly in the answer*.
[Text Input Box]
#### Analysis:
The text provided instructs the student to describe the relationship between two variables: Demand in number of units (y) and price in dollars (x), given that the slope of the fitted regression line is -0.91. The student should note that the negative slope indicates an inverse relationship between the two variables.
#### Example Answer:
The relationship between price in dollars (x) and demand in number of units (y) is inverse, meaning that as the price in dollars (x) increases, the demand in number of units (y) decreases, at a rate of -0.91 units per dollar.](https://content.bartleby.com/qna-images/question/7bf6b58d-ef43-404d-8e44-e8a8dab82f8c/03f6a518-2cfd-459b-ab28-db2de2dc07a8/5o539rb_thumbnail.jpeg)
Transcribed Image Text:### Understanding the Relationship Between Variables
#### Problem Statement:
If the slope of the fitted regression line is -0.91, then describe the relationship between two variables: **Demand in number of units (y)** and **price in dollars (x)**.
*Provide one or two sentences and use the variable names properly in the answer*.
[Text Input Box]
#### Analysis:
The text provided instructs the student to describe the relationship between two variables: Demand in number of units (y) and price in dollars (x), given that the slope of the fitted regression line is -0.91. The student should note that the negative slope indicates an inverse relationship between the two variables.
#### Example Answer:
The relationship between price in dollars (x) and demand in number of units (y) is inverse, meaning that as the price in dollars (x) increases, the demand in number of units (y) decreases, at a rate of -0.91 units per dollar.
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