%24 File Home Insert Draw Yaster Outfitters manufictures and sells extreme-cold sleeping bagsThe table below shows the price demand and total cost data where -pis the wholesale price (in dollars) of a sleeping bag for a weekly demnd of z sleeping bags -Cs the total cost in dollars) of producing z sleeping bags (sleeping bags) (S) D 18,500 Find a quadratic regression equation for the price-demand data, using as the independent variable. Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places, Revenue Model Using the regression model computed above, fhnd a model for the weekly revenue, using r as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue *d = (r) R(r) = p.r= (a + bx+ cx')x ax + bx² + ca + + ID Cost Model Find a linear regression model for the weekly cost data, using x as the independent variable. y + xu Round m to 1 decimal place, and round k to the nearest integer. (2)) What is the weekly fixed cost of producing sleeping bags? Round to the nearest integer. $4 Page 1 of 1 0 words 们 EO Accessibility: Investigate 9 Type here to search N ㄩ五0 PARK Esc +Do F4 F5 F6

Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Matrices
Section2.CR: Review Exercises
Problem 89CR: Cellular Phone Subscribers The table shows the numbers of cellular phone subscribers y in millions...
icon
Related questions
Question

What is the weekly fixed cost of producing sleeping bags?

%24
File
Home
Insert
Draw
Yaster Outfitters manufictures and sells extreme-cold sleeping bagsThe table below shows the
price demand and total cost data where
-pis the wholesale price (in dollars) of a sleeping bag for a weekly demnd of z sleeping bags
-Cs the total cost in dollars) of producing z sleeping bags
(sleeping bags)
(S) D
18,500
Find a quadratic regression equation for the price-demand data, using as the independent variable.
Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places,
Revenue Model
Using the regression model computed above, fhnd a model for the weekly revenue, using r as the
independent variable.
NOTE: Do not calculate another regression. Use the price equation to find a model for revenue
*d = (r)
R(r) = p.r= (a + bx+ cx')x ax + bx² + ca
+ + ID
Cost Model
Find a linear regression model for the weekly cost data, using x as the independent variable.
y + xu
Round m to 1 decimal place, and round k to the nearest integer.
(2))
What is the weekly fixed cost of producing sleeping bags? Round to the nearest integer.
$4
Page 1 of 1
0 words
们
EO Accessibility: Investigate
9 Type here to search
N ㄩ五0
PARK
Esc
+Do
F4
F5
F6
Transcribed Image Text:%24 File Home Insert Draw Yaster Outfitters manufictures and sells extreme-cold sleeping bagsThe table below shows the price demand and total cost data where -pis the wholesale price (in dollars) of a sleeping bag for a weekly demnd of z sleeping bags -Cs the total cost in dollars) of producing z sleeping bags (sleeping bags) (S) D 18,500 Find a quadratic regression equation for the price-demand data, using as the independent variable. Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places, Revenue Model Using the regression model computed above, fhnd a model for the weekly revenue, using r as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue *d = (r) R(r) = p.r= (a + bx+ cx')x ax + bx² + ca + + ID Cost Model Find a linear regression model for the weekly cost data, using x as the independent variable. y + xu Round m to 1 decimal place, and round k to the nearest integer. (2)) What is the weekly fixed cost of producing sleeping bags? Round to the nearest integer. $4 Page 1 of 1 0 words 们 EO Accessibility: Investigate 9 Type here to search N ㄩ五0 PARK Esc +Do F4 F5 F6
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 3 images

Blurred answer
Recommended textbooks for you
Elementary Linear Algebra (MindTap Course List)
Elementary Linear Algebra (MindTap Course List)
Algebra
ISBN:
9781305658004
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning