Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: ⚫ p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping bags; . C' is the total cost (in dollars) of producing a sleeping bags. (sleeping bags) 95 120 180 220 p ($) 240 235 155 50 C($) 13,000 14,300 18,500 21,000 Use this data to create regression models to answer all of the questions below. Cost Model Find a linear regression model for the weekly cost data, using as the independent variable. C(x) = mx + k Round m to 1 decimal place, and round k to the nearest integer. Use this cost model to answer questions
Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: ⚫ p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping bags; . C' is the total cost (in dollars) of producing a sleeping bags. (sleeping bags) 95 120 180 220 p ($) 240 235 155 50 C($) 13,000 14,300 18,500 21,000 Use this data to create regression models to answer all of the questions below. Cost Model Find a linear regression model for the weekly cost data, using as the independent variable. C(x) = mx + k Round m to 1 decimal place, and round k to the nearest integer. Use this cost model to answer questions
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 6P
Related questions
Question
Use the cost model to estimate the average weekly cost per bag when the weekly demand is 107. Round to the nearest cent.
$ ______per sleeping bag
screenshot attached
thanks
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Transcribed Image Text:Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows
the price-demand and total cost data, where:
⚫ p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping
bags;
.
C' is the total cost (in dollars) of producing a sleeping bags.
(sleeping bags)
95
120
180
220
p ($)
240
235
155
50
C($)
13,000
14,300
18,500
21,000
Use this data to create regression models to answer all of the questions below.
Transcribed Image Text:Cost Model
Find a linear regression model for the weekly cost data, using as the independent variable.
C(x) = mx + k
Round m to 1 decimal place, and round k to the nearest integer.
Use this cost model to answer questions
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