Demand Pricing
As a marketing manager, you wish to find a function that relates the demand D for men’s shirts per month and P the price of one shirt in dollars. Based on the price history, the following data were collected.

Price of One Shirt (P)
Demand (D)
19 49
21 46
22 45
22 42
26 41
28 38
29 33

Determine if the above relation (P, D) defines a function or not.
Using Excel, draw a scatter diagram of data. Using Excel, draw a scatter diagram of data. Click here (Links to an external site.) for a video explanation on how to create a scatter plot and linear regression.
Using Excel, find the line of the best fit of the models.
Add this line in the scatter diagram.
Interpret the slope and y-intercept of this equation.
Express this equation as a function D of P and find its domain.
How many shirts per month will be demanded if the price is $27?

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The body of your paper should address the questions posed in the problem. Explain how you approached and answered the question or solved the problem, and, for each question, show all steps involved. Be sure this is in paragraph format, not numbered answers like a homework assignment.
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Include any tables of data or calculations, calculated values, and/or graphs referenced in the paper. (Note: The minimum required length excludes any tables, graphs, etc.)
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CSU Global Writing Center (Links to an external site.): many helpful areas, such as: Writing Center, Writing Tips, Template Examples/Papers Essays, and others




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