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

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rials eo uations ow....zip Process . @ 2 D W Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: D • 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 ($) 95 240 235 155 50 120 180 220 Use this data to create regression models to answer all of the questions below. #3 Price Model Find a quadratic regression equation for the price-demand data, using a as the independent variable. E p=a+bx+cr² Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places. Use this price model to answer question 1-2 below. $ 4 5 6 MacBook Pro C ($) 13,000 14,300 18,500 21,000 Y PEAR & * 8 ( 9 0 0 P A
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 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 horsepower (Y, in bhp) of a motor car engine was measured at a chosen set of values of running speed (X, in rpm). The data are given below (the first row is the running speed in rpm and the second row is the horsepower in bhp): rpm 1100 1400 1700 2300 2700 3200 3500 4000 4600 5200 5600 6100 Horsepower (bhp) 50.2 64.29 67.83 98.56 131.09 163.65 161.55 198.62 226.03 254.71 283.63 299.81 The mean and sum of squares of the rpm are 3450.0000 rpm and 173900000.0000 rpm 22 respectively; the mean of the horsepower values is 166.6642 bhp and the sum of the products of the two variables is 8506152.0000 rpm bhp. Given Values: a) Slope: 0.052 b) Intercept: -11.694 c) 95% Confidence Interval when the standard error of the estimate of the slope coefficient was found to be 0.001160: (0.0494, 0.0546) please answer the following: Part e)Without extending beyond the existing range of speed values or changing the number of observations, we would expect that increasing the variance of the…
Assume that a sample is used to estimate a population proportion p. Find the 90% confidence interval for a sample of size 213 with 79 successes. Enter your answer as an open-interval (i.e., parentheses) using decimals (not percents) accurate to three decimal places.
The Country Fields Retirement Community ch $6000/month for a single senior citizen to resi an efficiency apartment with assisted living The facility has operating expenses of $600,00 month. Staffing levels are dependent on the n of residents. Each senior who enters the comm requires additional food, personal care, and s staff time. The estimated cost for each pers $4000 per person per month. (a) How many senior citizen residents does the ity need to have in order to reach the break point? (b) What is the company's annual profit or in they maintain an average residency level senior citizens?

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