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The table contains price-supply data and price-demand data for com. Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars) Do the same for the price-demand data. Find the equilibrium price for com Price ($/bu) 2:15 2.25 2.35 2.48 2.44 2.52 Supply (billion bu) 6.46 7.41 7.51 7.86 8.09 8.35 Price ($/bu) 2.06 2.12 2.22 2:39 2.32 2.42 Demand (billion bu) 9.92 9.28 8:34 8.04 7.86 6.93 Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars) (Type an equation using x as the variable Round to two decimal places as needed)

The table contains price-supply data and price-demand data for com. Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars) Do the same for the price-demand data. Find the equilibrium price for com Price ($/bu) 2:15 2.25 2.35 2.48 2.44 2.52 Supply (billion bu) 6.46 7.41 7.51 7.86 8.09 8.35 Price ($/bu) 2.06 2.12 2.22 2:39 2.32 2.42 Demand (billion bu) 9.92 9.28 8:34 8.04 7.86 6.93 Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars) (Type an equation using x as the variable Round to two decimal places as needed)

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 1ECP: The ordered pairs below give the median sales prices y (in thousands of dollars) of new homes sold...
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The table contains price-supply data and price-demand data for com. Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars) Do the same for the price-demand data. Find the equilibrium price for com Price ($/bu) 2.15 2.25 2.35 2.48 2.44 2.52 Supply (billion bu) 6.46 7.41 7:51 7.86 8.09 8.35 Price ($/bu) 2.06 2.12 2.22 2.39 2.32 2.42 Demand (billion bu) 9.92 9.28 8:34 8.04 7.86 6.93 4 Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars) Y-0 (Type an equation using x as the variable Round to two decimal places as needed)
Transcribed Image Text:The table contains price-supply data and price-demand data for com. Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars) Do the same for the price-demand data. Find the equilibrium price for com Price ($/bu) 2.15 2.25 2.35 2.48 2.44 2.52 Supply (billion bu) 6.46 7.41 7:51 7.86 8.09 8.35 Price ($/bu) 2.06 2.12 2.22 2.39 2.32 2.42 Demand (billion bu) 9.92 9.28 8:34 8.04 7.86 6.93 4 Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars) Y-0 (Type an equation using x as the variable Round to two decimal places as needed)
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