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Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 67E
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The table contains price-demand and total cost data for the production of extreme-cold sleeping bags where p is the wholesale price (in
dollars) of a sleeping bag for an annual demand of x sleeping bags and C is the total cost (in dollars) of producing x sleeping bags.
Complete parts (A) through (C) below
230
135,000
150.000
180,000
200.000
960
1.200
1,800
2,100
220
165
130
(A) Find a quadratic regression equation for the price demand data, using x as the independent variable.
p(x) = O Ox+O
(Round the constant to four decimal places as needed, Round all other values to six decimal places as needed)
Transcribed Image Text:The table contains price-demand and total cost data for the production of extreme-cold sleeping bags where p is the wholesale price (in dollars) of a sleeping bag for an annual demand of x sleeping bags and C is the total cost (in dollars) of producing x sleeping bags. Complete parts (A) through (C) below 230 135,000 150.000 180,000 200.000 960 1.200 1,800 2,100 220 165 130 (A) Find a quadratic regression equation for the price demand data, using x as the independent variable. p(x) = O Ox+O (Round the constant to four decimal places as needed, Round all other values to six decimal places as needed)
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