Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
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 sleeping bags; . C' is the total cost (in dollars) of producing a sleeping bags. (sleeping bags) 95 120 180 220 P ($) 240 235 155 50 C ($) 13,000 14,300 18,500 21,000 Use this data to create regression models to answer all of the questions below. Price Model Find a quadratic regression equation for the price-demand data, using as the independent variable. p = a + bx + cx² Round a to the nearest integer, round 6 to 2 decimal places, and round c to 4 decimal places. Use the price model above to answer this question. Estimate the price per sleeping bag when the weekly demand is 149. Round to the nearest cent. $ per sleeping bag

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 sleeping bags; . C' is the total cost (in dollars) of producing a sleeping bags. (sleeping bags) 95 120 180 220 P ($) 240 235 155 50 C ($) 13,000 14,300 18,500 21,000 Use this data to create regression models to answer all of the questions below. Price Model Find a quadratic regression equation for the price-demand data, using as the independent variable. p = a + bx + cx² Round a to the nearest integer, round 6 to 2 decimal places, and round c to 4 decimal places. Use the price model above to answer this question. Estimate the price per sleeping bag when the weekly demand is 149. Round to the nearest cent. $ per sleeping bag

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
See similar textbooks
icon
Related questions
Question

question is attached in screenshot below.

use the models to answer the question thank you.

appreciate the help!

 

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 sleeping bags; . C' is the total cost (in dollars) of producing a sleeping bags. (sleeping bags) 95 120 180 220 P ($) 240 235 155 50 C ($) 13,000 14,300 18,500 21,000 Use this data to create regression models to answer all of the questions below. Price Model Find a quadratic regression equation for the price-demand data, using as the independent variable. p = a + bx + cx² Round a to the nearest integer, round 6 to 2 decimal places, and round c to 4 decimal places.
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 sleeping bags; . C' is the total cost (in dollars) of producing a sleeping bags. (sleeping bags) 95 120 180 220 P ($) 240 235 155 50 C ($) 13,000 14,300 18,500 21,000 Use this data to create regression models to answer all of the questions below. Price Model Find a quadratic regression equation for the price-demand data, using as the independent variable. p = a + bx + cx² Round a to the nearest integer, round 6 to 2 decimal places, and round c to 4 decimal places.
Use the price model above to answer this question. Estimate the price per sleeping bag when the weekly demand is 149. Round to the nearest cent. $ per sleeping bag
Transcribed Image Text:Use the price model above to answer this question. Estimate the price per sleeping bag when the weekly demand is 149. Round to the nearest cent. $ per sleeping bag
Expert Solution
steps

Step by step

Solved in 2 steps with 4 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,
SEE MORE TEXTBOOKS