The table contains price-demand and total cost data for the production of extreme-cold sleeping bags, where p is the wholesale price (in dollars) of a sleeping bag for an annual demand of x sleeping bags and C is the total cost (in dollars) of producing x sleeping bags.Complete parts (A) through (C) below.p130,000150,000180,000190,0009602301,2001,9002,000210160125 (A) Find a quadratic regression equation for the price-demand data, using x as the independent variable.P(x) = (x² + (x+ (O(Round the constant to four decimal places as needed. Round all other values to six decimal places as needed)(B) Find a linear regression equation for the cost data, using x as the independent variable.C(x) = (Dx+ (D(Round to three decimal places as needed.)%3D(C) What is the form of the equation for profit? Write the profit function in terms of the variables from the table, x, p, and C.profit =What is the maximum profit?The maximum profit is $_.IDnund tn the noornet dollor e nondedWhat is the maximum profit?The maximum profit is $.(Round to the nearest dollar as needed.)What is the wholesale price per extreme-cold sleeping bag that should be charged to realize the maximum profit?The wholesale price per extreme-cold sleeping bag that should be charged to realize the maximum profit is $(Round to the nearest dollar as needed.)Enter your answer in each of the answer boxes.

The System of normal equations are: 725 = 9971600 a+ 6060…

The table contains price-demand and total cost data for the production of extreme-cold sleeping bags, where p is the wholesale price (in dollars) of a sleeping bag for an annual demand of x sleeping bags and C is the total cost (in dollars) of producing x sleeping bags. Complete parts (A) through (C) below. 960 1,200 1,900 2,000 230 130.000 210 150,000 160 180,000 190,000 125

The table contains price-demand and total cost data for the production of extreme-cold sleeping bags, where p is the wholesale price (in dollars) of a sleeping bag for an annual demand of x sleeping bags and C is the total cost (in dollars) of producing x sleeping bags. Complete parts (A) through (C) below. 960 1,200 1,900 2,000 230 130.000 210 150,000 160 180,000 190,000 125

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

The table contains price-demand and total cost data for the production of extreme-cold sleeping bags, where p is the wholesale price (in dollars) of a sleeping bag for an annual demand of x sleeping bags and C is the total cost (in dollars) of producing x sleeping bags.
Complete parts (A) through (C) below.
p
130,000
150,000
180,000
190,000
960
230
1,200
1,900
2,000
210
160
125

(A) Find a quadratic regression equation for the price-demand data, using x as the independent variable.
P(x) = (x² + (x+ (O
(Round the constant to four decimal places as needed. Round all other values to six decimal places as needed)
(B) Find a linear regression equation for the cost data, using x as the independent variable.
C(x) = (Dx+ (D
(Round to three decimal places as needed.)
%3D
(C) What is the form of the equation for profit? Write the profit function in terms of the variables from the table, x, p, and C.
profit =
What is the maximum profit?
The maximum profit is $_.
IDnund tn the noornet dollor e nonded
What is the maximum profit?
The maximum profit is $.
(Round to the nearest dollar as needed.)
What is the wholesale price per extreme-cold sleeping bag that should be charged to realize the maximum profit?
The wholesale price per extreme-cold sleeping bag that should be charged to realize the maximum profit is $
(Round to the nearest dollar as needed.)
Enter your answer in each of the answer boxes.

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