Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and 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 a sleeping bags. z (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 a as the independent variable. p= a + bx + cæ? Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places. Use the price model to estimate the price per sleeping bag when the weekly demand is 192. Round to the nearest cent. $. per sleeping bag The graph y a + bæ + cz" has y intercept a. In the context of price-demand for sleeping bags, what is the interpretation of this value? O The equilibrium price is Sa per sleeping bag. O When the sleeping bags are free (price- SO), there is a weekly demand of a sleeping bags. O The equilibrium quantity is a sleeping bags per week. O The break-even point is a sleeping bags per week. O When the price is Sa per sleeping bag, there is no demand for sleeping bags. O The break-even point is Sa per sleeping bag. O When the price is Sa per sleeping bag, there is a weekly demand of a sleeping bags.
Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: • pis the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping bags; . Cis the'total cost (in dollars) of producing a sleeping bags. z (sleeping bags) P ($) 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 a as the independent variable. p= a + bx + cæ? Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places. Use the price model to estimate the price per sleeping bag when the weekly demand is 192. Round to the nearest cent. $. per sleeping bag The graph y a + bæ + cz" has y intercept a. In the context of price-demand for sleeping bags, what is the interpretation of this value? O The equilibrium price is Sa per sleeping bag. O When the sleeping bags are free (price- SO), there is a weekly demand of a sleeping bags. O The equilibrium quantity is a sleeping bags per week. O The break-even point is a sleeping bags per week. O When the price is Sa per sleeping bag, there is no demand for sleeping bags. O The break-even point is Sa per sleeping bag. O When the price is Sa per sleeping bag, there is a weekly demand of a sleeping bags.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the
price-demand and total cost data, where:
• pis the wholesale price (in dollars) of a sleeping bag for a weekly demand of z sleeping bags:
. Cis the'total cost (in dollars) of producing a sleeping bags.
I (sleeping bags)
p ($)
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 æ as the independent variable.
p= a + bx + cx²
Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places.
Use the price model to estimate the price per sleeping bag when the weekly demand is 192. Round
to the nearest cent.
per sleeping bag
The graph y = a + bæ + cz" has y intercept a. In the context of price-demand for sleeping bags,
what is the interpretation of this value?
CO The equilibrium price is $a per sleeping bag.
O When the sleeping bags are free (price- SO), there is a weekly demand of a sleeping bags.
O The equilibrium quantity is a sleeping bags per week.
O The break-even point is a sleeping bags per week.
O When the price is Sa per sleeping bag, there is no demand for sleeping bags.
O The break-even point is Sa per sleeping bag.
O When the price is Sa per sleeping bag, there is a weekly demand of a sleeping bags.
D Focus
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