6. Each year, a baseball team sells boxes of chocolates as a fundraiser to lower the cost of team fees. The price of the chocolates and the number of boxes sold varies each year. The information from five years of sales is given in the table below. Price per box ($) 3.00 4.00 5.50 6.50 8.00 Воxes 5303 3360 1777 1316 1019 sold Find the regression equation in the form y = ax +bx² + cx +d_that best approximates the а. data. Express the values of a, b, c, and d to the nearest hundredth. b. Use the equation to find the number of boxes, to the nearest whole number, that the team will sell if they charge $4.35 per box. One year, the team only sold 125 boxes of chocolates. What price did they charge for each box? c. d. If the team raises the price too high, they will not sell any boxes. Use your regression equation to predict the price of a box that will result in zero boxes sold.
6. Each year, a baseball team sells boxes of chocolates as a fundraiser to lower the cost of team fees. The price of the chocolates and the number of boxes sold varies each year. The information from five years of sales is given in the table below. Price per box ($) 3.00 4.00 5.50 6.50 8.00 Воxes 5303 3360 1777 1316 1019 sold Find the regression equation in the form y = ax +bx² + cx +d_that best approximates the а. data. Express the values of a, b, c, and d to the nearest hundredth. b. Use the equation to find the number of boxes, to the nearest whole number, that the team will sell if they charge $4.35 per box. One year, the team only sold 125 boxes of chocolates. What price did they charge for each box? c. d. If the team raises the price too high, they will not sell any boxes. Use your regression equation to predict the price of a box that will result in zero boxes sold.
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
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Transcribed Image Text:6. Each year, a baseball team sells boxes of chocolates as a fundraiser to lower the cost of team fees.
The price of the chocolates and the number of boxes sold varies each year. The information from
five years of sales is given in the table below.
Price per
box ($)
3.00
4.00
5.50
6.50
8.00
Воxes
5303
3360
1777
1316
1019
sold
Find the regression equation in the form y = ax' + bx² +cx+d_that best approximates the
а.
data. Express the values of a, b, c, and d to the nearest hundredth.
b. Use the equation to find the number of boxes, to the nearest whole number, that the team will
sell if they charge $4.35 per box.
One year, the team only sold 125 boxes of chocolates. What price did they charge for each
box?
с.
d.
If the team raises the price too high, they will not sell any boxes. Use your regression
equation to predict the price of a box that will result in zero boxes sold.
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