Since the profit model is a cubic polynomial, the marginal profit is a linear polynomial, cubic polynomial, logarithm, quadratic polynomial or exponential function?1 The graph of marginal profit is a parabola opening upward, a parabola opening downward, a straight line u negative slope, or a straight line with positive slope?¶| What is r? Round to the nearest integer. What is u? Round to 1 decimal place. What is s? Round to 2 decimal places. What is u? Round to 1 decimal place. Use the weekly profit model to estimate the total weekly profit when the weekly production is 151. Round to the nearest dollar. What is t? Round to 4 decimal places.

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Since the profit model is a cubic polynomial, the marginal profit is a
linear polynomial, cubic polynomial, logarithm, quadratic
polynomial or exponential function?1
The graph of marginal profit is
a parabola opening upward, a parabola opening downward, a straight line wi
negative slope, or a straight line with positive slope?¶|
What is r? Round to the nearest integer. What is u? Round to 1 decimal place.
What is s? Round to 2 decimal places.
What is u? Round to 1 decimal place.
Use the weekly profit model to estimate the total weekly profit when the weekly production is 151.
Round to the nearest dollar.
What is t? Round to 4 decimal places.
$.
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Transcribed Image Text:Since the profit model is a cubic polynomial, the marginal profit is a linear polynomial, cubic polynomial, logarithm, quadratic polynomial or exponential function?1 The graph of marginal profit is a parabola opening upward, a parabola opening downward, a straight line wi negative slope, or a straight line with positive slope?¶| What is r? Round to the nearest integer. What is u? Round to 1 decimal place. What is s? Round to 2 decimal places. What is u? Round to 1 decimal place. Use the weekly profit model to estimate the total weekly profit when the weekly production is 151. Round to the nearest dollar. What is t? Round to 4 decimal places. $. D. Focus Page 1 of 1 Accessiblity: Investigate 31 words 9:02 PM N di O L %23 23% P Type here to search 11/16/2021 ** 12 Deleto 一 F11 Prtsc Insert F10 %23 Num Lock Backspace 12 3 4 5 8.
Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the
price-demand aod total cost data, where:
• pis the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping bags;
. Cis the total cost (in dollars) of producing z sleeping bags.
r (sleeping bags)
P (S)
C (S)
95
240
13,000
120
235
14,300
180
155
18.500
220
50
21.000
Find a quadratic regression equation for the price-demand data, using z as the independent variable.
p= a + br + cz?
Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places.
Revenue Model
Using the regression model computed above, find a model for the weekly revenue, using r as the
independent variable.
NOTE: Do not calculate another regression. Use the price equation to find a model for revenue
R(z) = p. a.
R(z) = p. æ = (a + br + cz?)z aE + bz? + cr3
Profit Model
Cost Model
Use the models computed to find a model for the weekly profit, using z as the independent variable.
P(z) =r+ uz + sz² + tz³
Find a linear regression model for the weekly cost data, using r as the independent variable.
NOTE: Do not calculate another regression. Use the fact that profit is revenue minus cost.
C(z) = mx + k
Round r to the nearest integer, round u to 1 decimal place, round s to 2 decimal places, and round t
to 4 decimal places.
Round m to 1 decimal place, and round k to the nearest integer.
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Transcribed Image Text:Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand aod total cost data, where: • pis the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping bags; . Cis the total cost (in dollars) of producing z sleeping bags. r (sleeping bags) P (S) C (S) 95 240 13,000 120 235 14,300 180 155 18.500 220 50 21.000 Find a quadratic regression equation for the price-demand data, using z as the independent variable. p= a + br + cz? Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places. Revenue Model Using the regression model computed above, find a model for the weekly revenue, using r as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue R(z) = p. a. R(z) = p. æ = (a + br + cz?)z aE + bz? + cr3 Profit Model Cost Model Use the models computed to find a model for the weekly profit, using z as the independent variable. P(z) =r+ uz + sz² + tz³ Find a linear regression model for the weekly cost data, using r as the independent variable. NOTE: Do not calculate another regression. Use the fact that profit is revenue minus cost. C(z) = mx + k Round r to the nearest integer, round u to 1 decimal place, round s to 2 decimal places, and round t to 4 decimal places. Round m to 1 decimal place, and round k to the nearest integer. O Focus 23% * Accessibility: Investigate of 31 words Page 1 of 1 P Type here to search PriSc Insert Delete
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