14080Use the price model to estimate the price per sleeping bag when the weekly demand is 187. Roundto the nearest cent.per sleeping bagOLCCPrtScF4F5F6F7F8F9F10F11F12&69- Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows theprice-demand and total cost data, where:• pis the wholesale price (in dollars) of a sleeping bag for a weekly demand of z sleeping bags:• Cis the total cost (in dollars) of producing a sleeping bags.r (sleeping bags)p ($)C ($)9524013,00012023514.30018015518,5002205021,000Price ModelFind a quadratic regression equation for the price-demand data, using x as the independent variable.p = a + bx + cx?Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places.D(Ctr* Accessibility: InvestigateD, Focushere to search65%

We have to find the price per sleeping bag.

Answered: Use the price model to estimate the…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter4: Eigenvalues And Eigenvectors

Section4.6: Applications And The Perron-frobenius Theorem

Problem 22EQ

See similar textbooks

Similar questions

Table 3 gives the annual sales (in millions of dollars) of a product from 1998 to 20006. What was the average rate of change of annual sales (a) between 2001 and 2002, and (b) between 2001 and 2004?
Table 4 gives the population of a town (in thousand) from 2000 to 2008. What was the average rate of change of population (a) between 2002 and 2004, and (b) between 2002 and 2006?
Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4
Can the average rate of change of a function be constant?
DVD Player sales The table shows the number of DVD play-ers sold in a small electronics store in the years 2003-2013. What was the average rate of change of sales between 2003 and 2013? Whatwas the average rate of change of sales between 2003 and 2004? What was the average rate of change of sales between 2004 and 2005? Between which two successive years did DVD player sales increase most quickly?
From the data given below compute quantity index for 1983 Price in 1982 (Rs.) 10 20 30 30 Quantity in 1982 100 150 200 150 Commodity 1983 150 200 250 200 ABCD
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…
The following data represents annual expenditure on a product (Y), annual income (X₁) and the price of the product (X₂). Y X₁1 X2 324.00 45,000.00 9.00 386.00 43,000.00 7.00 424.00 52,000.00 4.00 248.00 37,000.00 9.00 204.00 29,000.00 9.00 409.00 39,000.00 5.00 532.00 62,000.00 7.00 627.00 76,000.00 5.00 If a consumer earned $50,000 per year and the good cost $11, we would expect their yearly expenditure to be closest to Select one: O a. $329.90 O b. $332.30 O c. $337.22 O d. $334.86
Daily demand for marigold flowers at a large garden store is shown below. Compute:a. A three-period moving average for each period.b. A five-period moving average for each period.
The number of pounds of steam used per month by a chemical plant is thought to be related to the average ambient temperature (in F) for that month. The past year’s usage and temperatures are in the following table: Month Temp. Usage/1000 Month Temp. Usage/1000 Jan. 21 185.79 July. 68 621.55 Feb. 24 214.47 Aug. 74 675.06 Mar. 32 288.03 Sept. 62 562.03 Apr. 47 424.84 Oct. 50 452.93 May 50 454.58 Nov. 41 369.95 June 59 539.03 Dec. 30 273.93 Find a 99% CI for β1.
The number of pounds of steam used per month by a chemical plant is thought to be related to the average ambient temperature (in F) for that month. The past year's usage and temperatures are in the following table: Usage/ Month Temp. 1000 Month 21 185.79 July. 24 214.47 Aug. 32 288.03 Sept. 47 424.84 Oct. 50 454.58 Nov. 59 539.03 Dec. Jan. Feb. Mar. Apr. May June Temp. 68 74 62 50 41 30 Identify which are the independent and dependent variables. Usage/ 1000 621.55 675.06 562.03 452.93 369.95 273.98
The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected: Age (years) 5.5 where Y = Yearly maintenance cost in dollars and X = Age in years. 5.5 5.5 5.0 5.0 5.0 6.0 6.0 6.5 Yearly Maintenance Cost (S) 1,319 1,749 1,733 1,195 1,423 1,381 1,590 2,222 1,687 Age (years) 5.0 1.5 1.5 Y = 7.0 7.0 2.0 2.0 2.0 Yearly Maintenance Cost ($) 1,894 863 882 a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. (Enter your responses rounded to three decimal places and include a minus sign if necessary.) 1,464 2,073 1,678 1,166 1,249

SEE MORE QUESTIONS

Recommended textbooks for you

Linear Algebra: A Modern Introduction

Algebra

ISBN:

9781285463247

Author:

David Poole

Publisher:

Cengage Learning

College Algebra

Algebra

ISBN:

9781305115545

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

Algebra & Trigonometry with Analytic Geometry

Algebra

ISBN:

9781133382119

Author:

Swokowski

Publisher:

Cengage

Linear Algebra: A Modern Introduction

Algebra

ISBN:

9781285463247

Author:

David Poole

Publisher:

Cengage Learning

College Algebra

Algebra

ISBN:

9781305115545

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

Algebra & Trigonometry with Analytic Geometry

Algebra

ISBN:

9781133382119

Author:

Swokowski

Publisher:

Cengage

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

College Algebra

Algebra

ISBN:

9781337282291

Author:

Ron Larson

Publisher:

Cengage Learning

Trigonometry (MindTap Course List)

Trigonometry

ISBN:

9781337278461

Author:

Ron Larson

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

Use the price model to estimate the price per sleeping bag when the weekly demand is 187. Round to the nearest cent. per sleeping bag ti OLC