Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows theprice-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 x sleeping bags.r (sleeping bags)p ($)C ($)9524013,00012023514,30018015518,5002205021,000Find a quadratic regression equation for the price-demand data, using a as the independent variable.p = a + bx + cx²Round 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. Roundto the nearest cent.$.per sleeping bagbility. InvestigateO, Focus1O

Excel Procedure: Enter p, X, X^2 in Excel>Data>Data Analysis> ‘Regression’>Select p…

Answered: Yaster Outfitters manufactures and…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

A company buys a new bulldozer for $92050. The company depreciates the bulldozer linearly over its useful life of 17 years. Its salvage value at the end of 17 years is $12150. Depreciation is the decrease or loss in value of the equipment due to age, wear, or market conditions. Express the value of the bulldozer, V, in terms of how many years old it is, t. V=______________ The value of the bulldozer after 5 years is $______________
On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per scooter. TOTAL REVENUE (Dollars) 2610 2430 2250 2070 1800 1710 1530 1350 1170 990 0 25 50 75 100 125 150 175 200 225 250 275 300 325 PRICE (Dollars per scooter) Total Revenue ? According to the midpoint method, the price elasticity of demand between points A and B is approximately 0.69 Suppose the price of scooters is currently $125 per scooter, shown as point A on the initial graph. Because the demand between points A and B is Inelastica $25-per-scooter decrease in price will lead to a decrease in total revenue per week. In general, in order for a price decrease to cause a decrease in total revenue, demand must be Inelastic
The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced during that period and then add the fixed costs.Suppose that a manufacturer of widgets has fixed costs of $9000 per month and that the variable cost is $14 per widget (so it costs $14 to produce 1 widget). (a) Use a formula to express the total cost C of this manufacturer in a month as a function of the number of widgets produced in a month. (Use N as the number of widgets produced in a month.)C = (b) Express using functional notation the total cost if there are 225 widgets produced in a month.C( )Calculate the total cost if there are 225…
Let q = demand for seats on a 500-seat airplane and p = price charged per ticket. Suppose that q = 600 - 3p and assume that the unit cost of flying a passenger is $50. To maximize profit from the flight, the airline should charge how much per ticket?
The cost C (in dollars) of producing x units and the revenue R (in dollars) obtained by selling x units are shown in the figure. y 300 000 R 250 000 200 000 150000 100 000 50 000 X 1000 2000 3000 4000 5000
A software entertainment company recently ran a holiday sale on its popular software program. Using data collected from the sale, it is possible to estimate the demand corresponding to various discounts in the price of the software. Assuming that the original price was $36, the demand for the software can be estimated by the function -2.504 q=3,742,000p the elasticity of demand. where p is the price and q is the demand. Calculate and interpret What formula should be used to compute the elasticity of demand, E, if q is demand at a price p? O A. E= P dp dq b. P dq q dp. O B. E= - C. E=p dq O D. E=q dp
The table below has indicated per unit profit at the upper right hand corner of each cell. Find the right decision for maximum profit. Find the maximum profit. 61-70 Y Y 30 100 120 20 40 110 80 30 2 80 110 40 20 Demand 27 25 18
Suppose the amount of paper recycled in the U.S. can be modeled by a linear function. In 2005 a record 51.5% of paper consumed in the U. S. was recycled. The American Forest and Paper Association reported in 2018, 68.1% of all paper consumed in the US was recovered for recycling. Find the average rate of change (slope) for this function A) .78 B) -.78 C) 16.6 D) 1.28 E) -1.28

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS