Demand and Price of a Consumer Product

Demand Price
Y X
252 2.00
244 2.20
241 2.40
234 2.60
230 2.80 Demand vs Pric
223 3.00 255
250
245
Price Demand 240
X Y 235

Demand
2.00 252 230
2.20 244 225
2.40 241 220
2.60 234 215
2.80 230 210
3.00 223 205
1.80 2.00 2.20 2.40 2.60
Price
 SUMMARY OUTPUT

Regression Statistics
Multiple R 0.9947627977
R Square 0.9895530237
Adjusted R Squa0.9869412796
Standard Error 1.1912378516
Demand vs Price Observations 6

ANOVA
df SS MS
Regression 1 537.6571429 537.657143
Residual 4 5.676190476 1.41904762
Y Total 5 543.3333333

Coefficients Standard Error t Stat

Intercept 306.61904762 3.592572332 85.3480513
X -27.71428571 1.423801561 -19.4649918

2.20 2.40 2.60 2.80 3.00 3.20

Price 248.41904762
 F Significance F
378.885906 0.00004107

P-value Lower 95% Upper 95% Lower 95.0%Upper 95.0%

1.1297E-07 296.64446775 316.5936275 296.6444678 316.593627
4.1071E-05 -31.66739259 -23.76117884 -31.6673926 -23.761179
Demand and Price of a Consumer Product

Demand Price SUMMARY OUTPUT

Y X
252 2.00 Regression Statistics
244 2.20 Multiple R 0.994763
241 2.40 R Square 0.989553
234 2.60 Adjusted R 0.986941
230 2.80 Standard E 0.042758
223 3.00 Observatio 6

ANOVA
df SS MS F Significance F
Regression 1 0.692687 0.692687 378.8859 4.11E-05
Residual 4 0.007313 0.001828
Total 5 0.7

Coefficients
Standard Error t Stat P-value Lower 95%
Intercept 10.97411 0.435701 25.18724 1.48E-05 9.76441
Y -0.035706 0.001834 -19.46499 4.11E-05 -0.040798
 X
3.50

3.00
f(x) = − 0.035705521472393 x + 10.9741104294478
2.50 R² = 0.989553023663453
X
2.00 Linear (X)
1.50

1.00
Significance F
0.50

0.00
220 225 230 235 240 245 250 255
Upper 95%
Lower 95.0%
Upper 95.0%
12.18381 9.76441 12.18381
-0.030613 -0.040798 -0.030613