Suppose a statistical study finds that the demand for Brand X automobile tires is Q = 800 minus- 5P, where Q is the number of Brand X tires sold per year (in thousands of tires), and P is the price per tire. How confident would you be that this is an accurate equation for Brand X tire demand?
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Home » Business » Suppose a statistical study finds that the demand for Brand X automobile tires is Q = 800 minus- 5P, where Q is the number of Brand X tires sold per year (in thousands of tires), and P is the price per tire.