A company manufactures memory chips for microcomputers. The table below shows the price, p. per chip at which x million chips can be sold. Using linear regression on a graphing calculator, the price-demand function to model this data is given by pix) 84 - 4x x (millions) p ($) 80 68 4. 48 a. Graph the data and the model on the same coordinate system. Choose the correct graph below. All graphs are shown on a scale of 10,25.5) by 10,100,10). where the x-axis represents the number of chips sold (in milions) and the y-axis represents the price in dollars OD. OA OB Next 049 AWOac 80 4 68 9. 48 14 28 20 4. b. Use p(x) to estimate the price per chip for a demand of 4 million chips. The price per chip for 4 million chips will be $. (Round to nearest integer.) c. Use p(x) to estimate the demand at a price of $3. The demand at a price of $3 is million chins

A company manufactures memory chips for microcomputers. The table below shows the price, p. per chip at which x million chips can be sold. Using linear regression on a graphing calculator, the price-demand function to model this data is given by pix) 84 - 4x x (millions) p ($) 80 68 4. 48 a. Graph the data and the model on the same coordinate system. Choose the correct graph below. All graphs are shown on a scale of 10,25.5) by 10,100,10). where the x-axis represents the number of chips sold (in milions) and the y-axis represents the price in dollars OD. OA OB Next 049 AWOac 80 4 68 9. 48 14 28 20 4. b. Use p(x) to estimate the price per chip for a demand of 4 million chips. The price per chip for 4 million chips will be $. (Round to nearest integer.) c. Use p(x) to estimate the demand at a price of $3. The demand at a price of $3 is million chins

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: An Uber driver charges $8 to pick up a passenger and 35 cents per mile for any trip. Write a linear…

A: Given Data : Charges to pick a passenger is $8 Charges for per mile is 35 cents…

Q: A manufacturer of graphing calculators has determined that 10,000 calculators per week will be sold…

A: The objective of the question is to use the given linear function y = -400x + 44,000, which predicts…

Q: use linear functions. The Rent-Me Car Rental charges $35 per day plus $0.32 per mile to rent a car.…

A: The Rent-Me Car Rental charges $35 per day plus $0.32 per mile to rent a car. Determine a linear…

Q: The manufacturer of graphing calculators has determined that 11,000 calculators per week will be so…

A: Given : Number of calculators = 11000 Price of each calculator = $85

Q: Certain private water utilities in South Carolina charge a variable rate for the drinking water they…

A: From the given information The linear regression equation is Y = 23.2 + 7.67 x

Q: Some pedometers have a default setting that assumes that the number of steps a person must take to…

A: We have to find a linear model of the number of steps S per mile as a function of height h.

Q: regression is done on data that represent ordered pairs true or false

A: A regression analysis is carried out.

Q: Use the above scatter plot to decide whether the linear model fits the data well. Is the function a…

A: From the provided scatter plot, it can be seen that the line of best fit passes through almost all…

Q: A mobile phone provider charges $3.75 plus $0.15 per minute for overseas calls. Write a linear model…

A: Cost of overseas calls = $ 3.75 + $0.15 per minute We need to write a linear model that shows cost…

Q: Audrey buys a performance snow mobile for $71,000 and assumes it will have a trade in value of…

Q: Give an example of an equation that represents a function and one that represents a non- linear…

Q: Write a linear trend math problem. Create a description of a scenario involving the spread of an…

A: For a function: y=f(x), the dependent variable is y and the independent variable is x. The value of…

Q: Two users test out the heart rate monitoring feature. The graph of their heart rate, in beats per…

A: Given that, There is a graph of heart rate between heart rate and time. Whe have to find that which…

Q: Use linear regression on your calculator to find the equation of the linear function that best fits…

A: Given are the two series x and y.

Q: For the data given in the table below, tell whether the graph is likely to be best represented by a…

A: Year (x)Number of natural disasters (in thousands)…

Question

A company manufactures memory chips for microcomputers. The table below shows the price, p. per chip at which x million chips can be sold.
Using linear regression on a graphing calculator, the price-demand function to model this data is given by p(x) = 84 - 4x
x (millions) p ($)
B0
4.
68
6.
48
a. Graph the data and the model on the same coordinate system. Choose the correct graph below. All graphs are shown on a scale of 10,25,5) by
10,100,10). where the x-axis represents the number of chips sold (in milions) and the y-axis represents the price in dollars
OD.
Q
Next
an Jy
13M
04Da
1
80
4
68
48
14
28
20
4
b. Use p(x) to estimate the price per chip for a demand of 4 million chips.
The price per chip for 4 million chips will be $
(Round to nearest integer.)
c. Use p(x) to estimate the demand at a price of $3.
The demand at a price of $3 is million chins

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Part a), b) and c)

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 3 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Inequality$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

Please urgent
The attached table shows the level of water (y) measured in centimeters from the bottom of the container after (x) seconds. Create a table in DESMOS and graph the data. Attach a screenshot of your data plot from DESMOS. Does your data plot look linear or quadratic?
Use linear regression on your calculator to find the equation of the linear function that best fits this data. 1 3 4 5 6 y 84 110 139 170 180 222 = mx + b. Round all numbers to 2 decimal Hint: Write your final answer as an equation in the form y places.
The profit earned by selling soap at a craft show can be modeled by the graph of the linear function shown on the grid below. What is the rate of change of the profit earned with respect to the number of bars of soap sold?
The following table shows retail sales in drug stores in billions of dollars in the U.S. for years since 1995. 220- 210 200 190 180 170 160 150 Year 0 130- 120- 110- 100- 90 801 6 12 15 Let S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data is F(t) = 9.44t + 84.182. Retail Sales 85.851 108.426 141.781 169.256 202.297 222.266 3 6 9 12 15 Use the above scatter plot to decide whether the linear model fits the data well. The function is a good model for the data. The function is not a good model for the data Estimate the retails sales in the U. S. in 2015. billions of dollars.
The figure below plots the height of star wars characters (vertical axis) against the mass of star wars characters (horizontal axis). Based on this graph, what appears to be a reasonable value for the slope coefficient if we estimated a linear model with height as the dependent variable and mass as the independent variable Relationship Between Star Wars Characters Height and Mass 200- 80 120 Mass in Kilograms Height in Centimeters 150- 100- O -1 O 100 O 1 O 10 percent 40 160
Degrees Earned The number of postsecondarydegrees earned, in thousands (including associate’s,bachelor’s, master’s, first professional, and doctoral degrees), can be modeled by y = 3.980x2 -17.597x + 2180.899, where x is the number of yearsafter 1990. If this model is accurate, during what yearsfrom 1990 on would the number of postsecondarydegrees earned be less than 3500 thousand?
Suppose that the number of tee shirts sold (N) depends linearly on the price charged (x). Write an equation showing this dependence.