Find a model for the weekly revenue, using x as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue R(x) = p. x. R(x)=p x = (a + bx + cx²)x = ax + bx² + cx³ Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: ⚫ p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping bags; . C is the total cost (in dollars) of producing a sleeping bags. x(sleeping bags) P ($) C ($) 95 240 13,000 120 235 14,300 180 155 18,500 220 50 21,000
Find a model for the weekly revenue, using x as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue R(x) = p. x. R(x)=p x = (a + bx + cx²)x = ax + bx² + cx³ Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: ⚫ p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping bags; . C is the total cost (in dollars) of producing a sleeping bags. x(sleeping bags) P ($) C ($) 95 240 13,000 120 235 14,300 180 155 18,500 220 50 21,000
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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Question
A. Estimate the weekly revenue when the weekly demand is 201. Round to the nearest dollar.
$ _______
B. What is C? Round to 4 decimal places.
Transcribed Image Text:Find a model for the weekly revenue, using x as the independent variable.
NOTE: Do not calculate another regression. Use the price equation to find a model for
revenue R(x) = p. x.
R(x)=p x = (a + bx + cx²)x
= ax + bx² + cx³
Transcribed Image Text:Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows
the price-demand and total cost data, where:
⚫ p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping
bags;
. C is the total cost (in dollars) of producing a sleeping bags.
x(sleeping bags)
P ($)
C ($)
95
240
13,000
120
235
14,300
180
155
18,500
220
50
21,000
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