(300, 10,000), (325, 8,900), (350, 8,800), (375, 8,650), (400, 6,700) — The market research department conducted consumer surveys college campuses and reported its
General StudiesGeneralWorked Solution
The market research department conducted consumer surveys at college campuses and reported its results. In these ordered pairs, the first number represents price, p, and the second number represents the quantity demanded, q. The points are listed as (p, q).
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Make a scatterplot of the data.
A company is interested in producing and selling a new device called an eyePOD (eyewear personal optical device). The eyePOD is an MP3 and video player built into a pair of sunglasses. The user can listen to music from the small earphones and watch videos projected on the screen behind the glasses.
SOLUTION
The minimum on the x-axis is 275, the maximum is 550, and the scale is 25. The minimum on the y-axis is 2,500, the maximum is 10,500, and the scale is 500. Enter the p coordinates in L1 and the q coordinates in L2. Use the STAT PLOT feature on your graphing calculator to graph the scatter plot. The display should look similar to the one below.