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 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 treadmills,and C is the total cost (in dollars) of producing treadmills.I2,9103,4154,6455,330P ($)1,4501,2751,123918C ($)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 + 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 independentvariable: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. Use the linear regression models above to answer this question.There are two break-even points. Find the smaller production level where the companybreaks even. Round to the nearest treadmill.treadmills

Answered: Image /qna-images/answer/00da751c-8fbd-4e8a-bc9c-c7163cd0d2b0.jpg

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

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

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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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
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