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Business Analytics · Quiz 1 · 19 Jul 2026 · May 2026 term

Question 1: Table-1: Price-Demand Data What is the market size for th…

Question 1

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(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”)

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Question 1 of 19 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 19 Jul 2026, in the May 2026 term (Business Analytics Indian Institute Of Technology, Madras - Bs In Data Science And Applications 16 Jul 26). It carries 1.5 marks.

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