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