The beginning of the analysis focused on the demand data. The demand included a range of prices and the quantity demand of n=110 test weeks. This can bee seen on Figure 1, which explains the linear relationship between the price and quantity demanded. As a result of the lack of outliers in the demand function, the price results of The Tranquility 5000 were more accurate. This report also provides the analysis of the variance (ANOVA)
The beginning of the analysis focused on the demand data. The demand included a range of prices and the quantity demand of n=110 test weeks. This can bee seen on Figure 1, which explains the linear relationship between the price and quantity demanded. As a result of the lack of outliers in the demand function, the price results of The Tranquility 5000 were more accurate. This report also provides the analysis of the variance (ANOVA)