Business Analytics, Quiz 1

May 2026 term, 19 Jul 2026, Set 1

Learning mode

Question 1

+1.5−0Written answerInstructions

(The following comprehension is purely imaginary) The data for the demand of a product (in 1000’s of units) over the past six-months is captured for various prices in Table-1. If the relationship between the price and demand is modelled as a simple linear regression, then answer the given sub-questions

Table-1: Price-Demand Data

What is the market size for the product? (Note: Enter your answer in decimals rounded to two decimal places. For example, if your answer is “0.245”, enter it as “0.25”)

Your answer

Written answers are not marked automatically — compare yours with the solution.

Show answer

Report

Report a problem

Sign in to report a problem with this question.

Clear Response

PreviousNext

Submit this paper?

You cannot change your answers after submitting.

Answered

0

Not answered

1

Marked for review

0

Answered & marked for review

0

Not visited

18

Keep goingSubmit paper

Instructions

The palette shows the status of every question. Pick a number to go straight to it.

Answered

0

Not answered

1

Marked for review

0

Answered & marked for review

0

Not visited

18

• Save & Next moves to the next question. Answers are saved as you go.
• Mark for Review & Next flags the question to come back to. A flagged answer still counts.
• Clear Response removes your answer to the question on screen.
• The ← and → keys move to the previous and next question.

(The following comprehension is purely imaginary) The data for the demand of a product (in 1000’s of units) over the past six-months is captured for various prices in Table-1. If the relationship between the price and demand is modelled as a simple linear regression, then answer the given sub-questions Table-1: Price-Demand Data (The following comprehension is purely imaginary) The data for the demand of a product (in 1000’s of units) over the pa What is the market size for the product? (Note: Enter your answer in decimals rounded to two decimal places. For example, if your answer is “0.245”, enter it as “0.25”) (The following comprehension is purely imaginary) The data for the demand of a product (in 1000’s of units) over the past six-months is captured for various prices in Table-1. If the relationship between the price and demand is modelled as a simple linear regression, then answer the given sub-questions Table-1: Price-Demand Data (The following comprehension is purely imaginary) The data for the demand of a product (in 1000’s of units) over the pa What is the satiating price for the provided data? (Note: Enter your answer in decimals rounded to two decimal places. For example, if your answer is “0.245”, enter it as “0.25”) (The following comprehension is purely imaginary) The data for the demand of a product (in 1000’s of units) over the past six-months is captured for various prices in Table-1. If the relationship between the price and demand is modelled as a simple linear regression, then answer the given sub-questions Table-1: Price-Demand Data (The following comprehension is purely imaginary) The data for the demand of a product (in 1000’s of units) over the pa At a price of Rs. 22.50, what is the elasticity? (Note: Enter your answer in decimals rounded to two decimal places. For example, if your answer is “0.245”, enter it as “0.25”)