Use the cost model screenshot attached to answer the question. Thanks for the help.What is m? Round to 1 decimal place. Cost ModelFind a linear regression model for the weekly cost data, using as the independent variable.C(x) = mx + kRound m to 1 decimal place, and round k to the nearest integer.

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Answered: Cost Model Find a linear regression…

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

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Similar questions

Demand for Candy Bars In this problem you will determine a linear demand equation that describes the demand for candy bars in your class. Survey your classmates to determine what price they would be willing to pay for a candy bar. Your survey form might look like the sample to the left. a Make a table of the number of respondents who answered yes at each price level. b Make a scatter plot of your data. c Find and graph the regression line y=mp+b, which gives the number of respondents y who would buy a candy bar if the price were p cents. This is the demand equation. Why is the slope m negative? d What is the p-intercept of the demand equation? What does this intercept tell you about pricing candy bars? Would you buy a candy bar from the vending machine in the hallway if the price is as indicated. Price Yes or No 50 75 1.00 1.25 1.50 1.75 2.00
Life Expectancy The average life expectancy in the United States has been rising steadily over the past few decades, as shown in the table. (a) Make a scatter plot of the data. (b) Find and graph the regression line. (c) Use the linear model you found in part (b) to predict the life expectancy in the year 2006. (d) Search the Internet or your campus library to find the actual 2006 average life expectancy. Compare to your answer in part (c).

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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.