Use the linear regression models above to answer this question.Estimate the fixed costs. Round to the nearest $10,000.$ thanks for the helpamgioa Break-Even AnalysisThe table below contains price-demand and total cost data for the production of treadmills,where p is the wholesale price (in dollars) of a treadmill for an annual demand of a treadmills,and C is the total cost (in dollars) of producing treadmills.x2,9103,4154,6455,330p ($)1,4501,2751.123918C ($)3,634,0003,782,0004,185,0004,290,000Use this data to find a linear regression equation for price-demand data, using as theindependent variable:p = ax + bwhere a is rounded to 1 decimal place and b is rounded to the nearest integer.Use this data to find a linear regression model for the cost data, using as the independentvariable:C(x) = cx + d.where c is rounded to the nearest integer and d is rounded to the nearest 10,000.

The question is related to regression analysis .Let p be the wholesale price (in dollars) of a…

Break-Even Analysis The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale price (in dollars) of a treadmill for an annual demand of a treadmills, and C is the total cost (in dollars) of producing a treadmills. 8 2,910 3,415 4,645 5,330 P ($) 1,450 1,275 1,123 918 C ($) 3,634,000 3,782,000 4,185,000 4,290,000 Use this data to find a linear regression equation for price-demand data, using a as the independent variable: p = ax + b₁ where a is rounded to 1 decimal place and b is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using a as the independent variable: C(x) = cx + d. where e is rounded to the nearest integer and d is rounded to the nearest 10,000.

Break-Even Analysis The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale price (in dollars) of a treadmill for an annual demand of a treadmills, and C is the total cost (in dollars) of producing a treadmills. 8 2,910 3,415 4,645 5,330 P ($) 1,450 1,275 1,123 918 C ($) 3,634,000 3,782,000 4,185,000 4,290,000 Use this data to find a linear regression equation for price-demand data, using a as the independent variable: p = ax + b₁ where a is rounded to 1 decimal place and b is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using a as the independent variable: C(x) = cx + d. where e is rounded to the nearest integer and d is rounded to the nearest 10,000.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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