Business Analytics Quiz 1: 19 July 2026 (May 2026 term)

(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”)

(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 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

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”)