Find a linear regression model for the weekly cost data, using a as the independent variable. C(x) = mx + k Round m to 1 decimal place, and round k to the nearest integer. 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 linear regression model for the weekly cost data, using a as the independent variable. C(x) = mx + k Round m to 1 decimal place, and round k to the nearest integer. 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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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. r (sleeping bags) p ($) C ($) 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 x as the independent variable. p= a + b + cx² 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 x as the independent variable. NOTE: Do not calculate another regression. Use the price equation to finda model for revenue R(z) =p · x. R(x) = p · x = (a + bx + cx²)x = ax + bx² + cx³ of 1 O words * Accessibility: Investigate O Tuno horo
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