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The table to the right contains price-demand and total cost data for the production of projectors, where p is the wholesale price (in dollars) of a projector for an annual demand of x projectors and C is the total cost (in dollars) of producing x projectors. Answer the following questions (A) - (D). P($) 602 C($) 121,000 390 398 122,200 440 560 820 192 143,000 61 169,000 (A) Find a quadratic regression equation for the price-demand data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round the coefficients to seven decimal places as needed. Round the constant term to three decimal places as needed.) (B) Find a linear regression equation for the cost data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round to two decimal places as needed.) Use the linear regression equation found in the previous step to estimate the fixed costs and variable costs per projector. The fixed costs are S (Round to the nearest dollar as needed.) The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. The break even points are mino

The table to the right contains price-demand and total cost data for the production of projectors, where p is the wholesale price (in dollars) of a projector for an annual demand of x projectors and C is the total cost (in dollars) of producing x projectors. Answer the following questions (A) - (D). P($) 602 C($) 121,000 390 398 122,200 440 560 820 192 143,000 61 169,000 (A) Find a quadratic regression equation for the price-demand data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round the coefficients to seven decimal places as needed. Round the constant term to three decimal places as needed.) (B) Find a linear regression equation for the cost data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round to two decimal places as needed.) Use the linear regression equation found in the previous step to estimate the fixed costs and variable costs per projector. The fixed costs are S (Round to the nearest dollar as needed.) The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. The break even points are mino

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.4: Functions Given By Words
Problem 14E: Continued This is a continuation of Exercise 13. As we saw earlier, the stock turnover rate of an...
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The fixed costs are $ (Round to the nearest dollar as needed.) The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. The break even points are (Type ordered pairs. Use a comma to separate answers as needed. Round to the nearest integer as needed.) (D) Find the price range for which the company will make a profit. $sps$] (Round to the nearest dollar as needed.)
Transcribed Image Text:The fixed costs are $ (Round to the nearest dollar as needed.) The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. The break even points are (Type ordered pairs. Use a comma to separate answers as needed. Round to the nearest integer as needed.) (D) Find the price range for which the company will make a profit. $sps$] (Round to the nearest dollar as needed.)
P(S) C(S) 121,000 The table to the right contains price-demand and total cost data for the production of projectors, where p is the wholesale price (in dollars) of a projector for an annual demand of x projectors and C is the total cost (in dollars) of producing x projectors. Answer the following questions (A) - (D). 390 602 440 122,200 143,000 398 560 192 820 61 169,000 (A) Find a quadratic regression equation for the price-demand data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round the coefficients to seven decimal places as needed. Round the constant term to three decimal places as needed.) (B) Find a linear regression equation for the cost data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round to two decimal places as needed.) Use the linear regression equation found in the previous step to estimate the fixed costs and variable costs per projector. The fixed costs are s (Round to the nearest dollar as needed.) The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. The break even points are- Iminc
Transcribed Image Text:P(S) C(S) 121,000 The table to the right contains price-demand and total cost data for the production of projectors, where p is the wholesale price (in dollars) of a projector for an annual demand of x projectors and C is the total cost (in dollars) of producing x projectors. Answer the following questions (A) - (D). 390 602 440 122,200 143,000 398 560 192 820 61 169,000 (A) Find a quadratic regression equation for the price-demand data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round the coefficients to seven decimal places as needed. Round the constant term to three decimal places as needed.) (B) Find a linear regression equation for the cost data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round to two decimal places as needed.) Use the linear regression equation found in the previous step to estimate the fixed costs and variable costs per projector. The fixed costs are s (Round to the nearest dollar as needed.) The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. The break even points are- Iminc
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