The table to the right contains price-demand and total cost data for the production of projectors, where p is the wholesale price (in dollars) of a projector for an annual demand of x projectors and C is the total cost (in dollars) of producing x projectors. Answer the following questions (A) - (D). P($) 602 C($) 121,000 390 398 122,200 440 560 820 192 143,000 61 169,000 (A) Find a quadratic regression equation for the price-demand data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round the coefficients to seven decimal places as needed. Round the constant term to three decimal places as needed.) (B) Find a linear regression equation for the cost data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round to two decimal places as needed.) Use the linear regression equation found in the previous step to estimate the fixed costs and variable costs per projector. The fixed costs are S (Round to the nearest dollar as needed.) The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. The break even points are mino
The table to the right contains price-demand and total cost data for the production of projectors, where p is the wholesale price (in dollars) of a projector for an annual demand of x projectors and C is the total cost (in dollars) of producing x projectors. Answer the following questions (A) - (D). P($) 602 C($) 121,000 390 398 122,200 440 560 820 192 143,000 61 169,000 (A) Find a quadratic regression equation for the price-demand data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round the coefficients to seven decimal places as needed. Round the constant term to three decimal places as needed.) (B) Find a linear regression equation for the cost data, using x as the independent variable. (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round to two decimal places as needed.) Use the linear regression equation found in the previous step to estimate the fixed costs and variable costs per projector. The fixed costs are S (Round to the nearest dollar as needed.) The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. The break even points are mino
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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![The fixed costs are $
(Round to the nearest dollar as needed.)
The variable costs are $ per projector.
(Round to the nearest dollar as needed.)
(C) Find the break even points.
The break even points are
(Type ordered pairs. Use a comma to separate answers as needed. Round to the nearest integer as needed.)
(D) Find the price range for which the company will make a profit.
$sps$]
(Round to the nearest dollar as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6d5d4b11-f34a-402d-9b68-7ee62f4692ea%2F10a0e7c4-a42e-47ac-9e7e-dd435e8e6362%2Fn3w6krv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The fixed costs are $
(Round to the nearest dollar as needed.)
The variable costs are $ per projector.
(Round to the nearest dollar as needed.)
(C) Find the break even points.
The break even points are
(Type ordered pairs. Use a comma to separate answers as needed. Round to the nearest integer as needed.)
(D) Find the price range for which the company will make a profit.
$sps$]
(Round to the nearest dollar as needed.)
Transcribed Image Text:P(S)
C(S)
121,000
The table to the right contains price-demand and total cost data for the
production of projectors, where p is the wholesale price (in dollars) of a
projector for an annual demand of x projectors and C is the total cost
(in dollars) of producing x projectors. Answer the following questions
(A) - (D).
390
602
440
122,200
143,000
398
560
192
820
61
169,000
(A) Find a quadratic regression equation for the price-demand data, using x as the independent variable.
(Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round the
coefficients to seven decimal places as needed. Round the constant term to three decimal places as needed.)
(B) Find a linear regression equation for the cost data, using x as the independent variable.
(Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round to two
decimal places as needed.)
Use the linear regression equation found in the previous step to estimate the fixed costs and variable costs per projector.
The fixed costs are s
(Round to the nearest dollar as needed.)
The variable costs are $ per projector.
(Round to the nearest dollar as needed.)
(C) Find the break even points.
The break even points are-
Iminc
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