Use the linear regression models above to answer this question.Estimate the variable cost per treadmill. Round to the nearest dollar.$ per treadmill produceduse ss attached toanswerthanks 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.

Given Information:The data is provided as…

Answered: Estimate the variable cost per…

Math

Advanced Math

Estimate the variable cost per treadmill. Round to the nearest dollar. $ per treadmill produced

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Use the linear regression models above to answer this question.

Estimate the variable cost per treadmill. Round to the nearest dollar.

$ per treadmill produced

use ss attached to

answer

thanks

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 treadmills.
x
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 as the
independent variable:
p = ax + b
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 as the independent
variable:
C(x) = cx + d.
where c is rounded to the nearest integer and d is rounded to the nearest 10,000.

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