Revenue Model Use the price model above to construct a revenue model. Find a model for the weekly revenue, using as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue R(x)=p. x. R(x) px (a + bx + cx²)x = ax + bx² + cx³ = Use this revenue model to answer questions 3-8 below.
Revenue Model Use the price model above to construct a revenue model. Find a model for the weekly revenue, using as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue R(x)=p. x. R(x) px (a + bx + cx²)x = ax + bx² + cx³ = Use this revenue model to answer questions 3-8 below.
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.FOM: Focus On Modeling: Fitting Lines To Data
Problem 4P
Question
Use the revenue model that is attached in the screenshot to answer the question.
What is a? Round to the nearest integer.
Thanks for help!
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