Break-Even AnalysisThe table below contains price-demand and total cost data for the production of treadmills, where pis the wholesale price (in dollars) of a treadmill for an annual demand of a treadmills, and C is thetotal cost (in dollars) of producing a treadmills.2,9103,4154,6455,330P ($)1,4501,2751,123)918C ($)3,634,0004 3,782,0004,185,0004,290,000Use this data to find a linear regression equation for price-demand data, using as the independentvariable:p = az + 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 a 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.Use these linear regression models to answer questions 11-14 below. Question 11Use the linear regression models above to answer this question.Estimate the fixed costs. Round to the nearest $10,000.$

Answered: Image /qna-images/answer/16296fc9-46d6-4291-a5fb-eef8973ae8ef.jpg

Answered: Question 11 Use the linear regression…

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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Use the weekly cost model to estimate the total weekly cost when the weekly demand is 147. Round to the nearest dollar. $_____ screenshots attached thanks for help
Please solve below question using regression analysis The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. Cost Hours $23,000 5,000 $26,000 6,450 $34,600 7,650 $42,000 10,000 $38,000 9,350 What is the estimated total cost at an operating level of 9,000 hours?
Use the linear regression models above to answer this question. There are two break-even points. Find the larger production level where the company breaks even. Round to the nearest treadmill. treadmills
q6
Use the linear regression models above to answer this question. There are two break-even points. Find the smaller production level where the company breaks even. Round to the nearest treadmill. treadmills attached ss thanks
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Use the cost model screenshot attached to answer the question. Thanks for the help. Use the weekly cost model to estimate the total weekly cost when the weekly demand is 147. Round to the nearest dollar. $
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Question 11 Use the linear regression models above to answer this question. Estimate the fixed costs. Round to the nearest $10,000. $