What is the total weekly cost when the weekly demand is 216?

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What is the total weekly cost when the weekly demand is 216?

Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the
price-demand and total cost data, where
•pls the wholesale price (in dollars) of a sleeping bag for a weekly demand of z sleeping bags
•Cis the total cost (in dollars) of producing z sleeping bags.
(leeplng bags)
95
155
0000
Find a quadratic regression equation for the price-demand data, using r as the independent variabl
p=0+ba+ cr
Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places.
Revenue Model
Using the regression model computed above, find a model for the weekly revenue, using r as the
independent variable.
NOTE: Do not calculate another regression. Use the price equation to find a model for revenue
R(r) = p *
= ar + bx2+ cr
x( +xq +v) = x d == ()
(a + br + cx2)a
Cost Model
Find a linear regression model for the weekly cost data, using a as the independent variable
Round m to 1 decimal place, and round k to the nearest integer.
(x)
Use the weekly cost model to estimate the total weekly cost when the weekly demand is 216.
Round to the nearest dollar.
$.
f 1
O words
Accessibility: Investigate
9Type here to search
4 五 0
Transcribed Image Text:Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where •pls the wholesale price (in dollars) of a sleeping bag for a weekly demand of z sleeping bags •Cis the total cost (in dollars) of producing z sleeping bags. (leeplng bags) 95 155 0000 Find a quadratic regression equation for the price-demand data, using r as the independent variabl p=0+ba+ cr Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places. Revenue Model Using the regression model computed above, find a model for the weekly revenue, using r as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue R(r) = p * = ar + bx2+ cr x( +xq +v) = x d == () (a + br + cx2)a Cost Model Find a linear regression model for the weekly cost data, using a as the independent variable Round m to 1 decimal place, and round k to the nearest integer. (x) Use the weekly cost model to estimate the total weekly cost when the weekly demand is 216. Round to the nearest dollar. $. f 1 O words Accessibility: Investigate 9Type here to search 4 五 0
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