The following data represent the price and quantity

Chapter 5, Problem 6

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The following data represent the price and quantity supplied in 2009 for Dell personal computers. Price ($/Computer) Quantity Supplied 2300 2000 1700 1500 150 180 173 160 1300 1200 1000 137 130 113 (a) Using a graphing utility, draw a scatter diagram of the data with price as the dependent variable. (b) Using a graphing utility, build a logarithmic model from the data. (c) Using a graphing utility, draw the logarithmic function found in part (b) on the scatter diagram. (d) Use the function found in part (b) to predict the number of Dell personal computers that will be supplied if the price is $1650.

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