Problem

It is now several months later, and OHaganBooks.com has tried selling its online novels...

It is now several months later, and OHaganBooks.com has tried selling its online novels at a variety of prices, with the following results.

a. Use the given data to obtain a linear regression model of demand. (Round coefficients to four decimal places.)

b. Use the demand model you constructed in part (a) to estimate the demand if the company charged $8 per novel. (Round the answer to the nearest novel.)

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Solutions For Problems in Chapter 1.R

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