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The marketing manager at the Dean Dome is interested in estimating the demand function for concert T-shirts. He obtains data regarding the sales (in hundreds)
The marketing manager at the Dean Dome is interested in estimating the demand function for concert T-shirts. He obtains data regarding the sales (in hundreds) of t-shirts at various prices (in dollars) over the last twelve months and runs a regression with Sales as the dependent variable and Price as the independent variable.
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