Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: • p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of x sleeping bags; . C is the total cost (in dollars) of producing a sleeping bags. x (sleeping bags) p ($) C ($) 95 240 13,000 120 235 14,300 180 155 18,500 220 50 21,000 Find a quadratic regression equation for the price-demand data, using x as the independent variable. p= a + bæ + cx² Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places. Use the price model to estimate the price per sleeping bag when the weekly demand is 192. Round to the nearest cent. $. per sleeping bag

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter1: Expressions And Functions
Section1.5: Descriptive Modeling And Accuracy
Problem 29PFA
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Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the
price-demand and total cost data, where:
• p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of æ sleeping bags;
• C is the total cost (in dollars) of producing r sleeping bags.
r (sleeping bags)
p ($)
C ($)
95
240
13,000
120
235
14,300
180
155
18,500
220
50
21,000
Find a quadratic regression equation for the price-demand data, using x as the independent variable.
p= a + b + cx²
Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places.
Use the price model to estimate the price per sleeping bag when the weekly demand is 192. Round
to the nearest cent.
24
per sleeping bag
E Investigate
D Focus
N
25%
中
Transcribed Image Text:Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: • p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of æ sleeping bags; • C is the total cost (in dollars) of producing r sleeping bags. r (sleeping bags) p ($) C ($) 95 240 13,000 120 235 14,300 180 155 18,500 220 50 21,000 Find a quadratic regression equation for the price-demand data, using x as the independent variable. p= a + b + cx² Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places. Use the price model to estimate the price per sleeping bag when the weekly demand is 192. Round to the nearest cent. 24 per sleeping bag E Investigate D Focus N 25% 中
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