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The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale price (in dollars) of a treadmill for an annual demand of x treadmills, and C is the total cost (in dollars) of producing x treadmills. ($) d 1,450 C ($) 2,910 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: р — ах 1 Ь, where a is rounded to 1 decimal place and b is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using x as the independent variable: C(r) = cx + d, where c is rounded to the nearest integer and d is rounded to the nearest 10.000. Notifications To Do Calendar Dashboard

The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale price (in dollars) of a treadmill for an annual demand of x treadmills, and C is the total cost (in dollars) of producing x treadmills. ($) d 1,450 C ($) 2,910 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: р — ах 1 Ь, where a is rounded to 1 decimal place and b is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using x as the independent variable: C(r) = cx + d, where c is rounded to the nearest integer and d is rounded to the nearest 10.000. Notifications To Do Calendar Dashboard

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 6EQ: Redo Exercise 5, assuming that the house blend contains 300 grams of Colombian beans, 50 grams of...
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The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale price (in dollars) of a treadmill for an annual demand of x treadmills, and C is the total cost (in dollars) of producing x treadmills. p ($) C ($) 2,910 1,450 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: р — ах +Ь, where a is rounded to 1 decimal place and b is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using x as the independent variable: C(x) = cr + d, where c is rounded to the nearest integer and d is rounded to the nearest 10.000. Notifications To Do Calendar Dashboard
Transcribed Image Text:The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale price (in dollars) of a treadmill for an annual demand of x treadmills, and C is the total cost (in dollars) of producing x treadmills. p ($) C ($) 2,910 1,450 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: р — ах +Ь, where a is rounded to 1 decimal place and b is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using x as the independent variable: C(x) = cr + d, where c is rounded to the nearest integer and d is rounded to the nearest 10.000. Notifications To Do Calendar Dashboard
O 国 Use your linear regression model for the cost data to estimate the fixed costs. Round to the nearest $10,000. Notifications To Do Calendar Dashboard III RIVER OVEN TAN
Transcribed Image Text:O 国 Use your linear regression model for the cost data to estimate the fixed costs. Round to the nearest $10,000. Notifications To Do Calendar Dashboard III RIVER OVEN TAN
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