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 r 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 x as the independent variable. р— а + bх + сг? 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 find a model for revenue R(x) =p·x. R(x) = p·x = (a + bx + cx²)x = ax + bx² + cx³
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 r 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 x as the independent variable. р— а + bх + сг? 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 find a model for revenue R(x) =p·x. R(x) = p·x = (a + bx + cx²)x = ax + bx² + cx³
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

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 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

Transcribed Image Text:Acrobat
Picture Format
What is a? Round to the nearest integer.
What is b? Round to 2 decimal places.
What is c? Round to 4 decimal places.
Use the weekly revenue model to estimate the weekly revenue when the weekly demand is 150.
Round to the nearest dollar.
24
Use the revenue model to estimate the marginal weekly revenue when the weekly demand is 186.
Round to the nearest cent.
%$.
per sleeping bag
Use the revenue model to estimate the average weekly revenue per bag when the weekly demand is
190. Round to the nearest cent.
$.
per sleeping bag
O words
Accessibility: Investigate
O. Focus
Type here to search
of
%23
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