Revenue Model Use the price model above to construct a revenue model. Find a model for the weekly revenue, using 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) px (a + bx + cx²)x = ax + bx² + cx³ Use this revenue model to answer questions 3-8 below. 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. x(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.

Revenue Model Use the price model above to construct a revenue model. Find a model for the weekly revenue, using 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) px (a + bx + cx²)x = ax + bx² + cx³ Use this revenue model to answer questions 3-8 below. 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. x(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.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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