The following table shows worldwide sales and projected sales of a certain type of phone and their average selling prices in 2020, 2022, and 2024. Year 2020 2022 2024 Selling Price ($100) p 6 5 4.5 Sales (billions) q 1 1.2 1.3 Find the regression line. q(p) = Use the regression line to estimate the demand (in millions of units sold) when the selling price was $250. 1.6 X million

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The following table shows worldwide sales and projected sales of a certain type of phone and their average selling prices in 2020, 2022, and 2024.
Year
2020
2022 2024
Selling Price ($100) p
6
5
4.5
Sales (billions) q
1
1.2
1.3
Find the regression line.
q(p) =
Use the regression line to estimate the demand (in millions of units sold) when the selling price was $250.
X million
1.6
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Transcribed Image Text:The following table shows worldwide sales and projected sales of a certain type of phone and their average selling prices in 2020, 2022, and 2024. Year 2020 2022 2024 Selling Price ($100) p 6 5 4.5 Sales (billions) q 1 1.2 1.3 Find the regression line. q(p) = Use the regression line to estimate the demand (in millions of units sold) when the selling price was $250. X million 1.6 Need Help? Read It Master It
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