any nake. The following table shows the widget selling price, x, and the total profit earned at that price, y. Write a quadratic regression equation for this set of data, rounding all coefficients to the nearest tenth. Using this equation, find the profit, to the nearest dollar, for a selling price of 24.25 dollars. Price (x) Profit (y) 15.50 26727 18.50 36348 26.50 48488
any nake. The following table shows the widget selling price, x, and the total profit earned at that price, y. Write a quadratic regression equation for this set of data, rounding all coefficients to the nearest tenth. Using this equation, find the profit, to the nearest dollar, for a selling price of 24.25 dollars. Price (x) Profit (y) 15.50 26727 18.50 36348 26.50 48488
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter8: Time Series Analysis And_forecasting
Section: Chapter Questions
Problem 14P: The following time series shows the sales of a particular product over the past 12...
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![Company X tried selling widgets at various prices to see how much profit they would
make. The following table shows the widget selling price, x, and the total profit
earned at that price, y. Write a quadratic regression equation for this set of data,
rounding all coefficients to the nearest tenth. Using this equation, find the profit, to
the nearest dollar, for a selling price of 24.25 dollars.
Price (x) Profit (y)
15.50
26727
18.50
36348
26.50
48488
35.75
54878
42.50
48488](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc8001997-2ceb-46f6-9c5d-d321065f3203%2Feb4e17d7-af13-4c79-b012-b40d71b730cf%2Fd49awwq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Company X tried selling widgets at various prices to see how much profit they would
make. The following table shows the widget selling price, x, and the total profit
earned at that price, y. Write a quadratic regression equation for this set of data,
rounding all coefficients to the nearest tenth. Using this equation, find the profit, to
the nearest dollar, for a selling price of 24.25 dollars.
Price (x) Profit (y)
15.50
26727
18.50
36348
26.50
48488
35.75
54878
42.50
48488
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