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Solve the correct Option clearly. Question 2 1 pts With the two data points from the previous question, (P1 = 8, Q1 = 14.4) and
Solve the correct Option clearly.
Question 2 1 pts With the two data points from the previous question, (P1 = 8, Q1 = 14.4) and (P2 = 6.5, Q2 = 16.2), when optimizing to solve for the coefficients, what is the reduced form of the derivative with respect to coefficient a? O 20.1 = 0.5a - 1.8b O 23.6 - 4.4a + 1.6b O 34.4 - 1.2a - 5.5b O 30.6 = 2a + 14.5bQuestion 1 1 pts Sales data from a firm that sells good Q is given as (P, = 8, Q1 = 14.4) and (P2 = 6.5, Q2 = 16.2). What is the objective function used for minimizing the sum of squared error terms? O (14.4 - a - 6.5) + (16.2 - a - 8b) O (14.4 - a - 8b)2 + (16.2 - a - 6.5b]2 O (8 - a - 14.4b) + (6.5 - a - 16.2) O (6.5 - a - 16.2) + (8 - a - 14.4b)Step by Step Solution
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