Yaster Outtten manutactures wnd vels extreine eping ba The tale belshon the price-demand wnd total cot data where psthe Chthe total cost in dellar of producng price in dollar of a steeping bag for a weekly demand of aseeping bags eeping bas Meeping bag 240 13.000 120 235 14300 Find a qua
Yaster Outtten manutactures wnd vels extreine eping ba The tale belshon the price-demand wnd total cot data where psthe Chthe total cost in dellar of producng price in dollar of a steeping bag for a weekly demand of aseeping bags eeping bas Meeping bag 240 13.000 120 235 14300 Find a qua
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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Transcribed Image Text:Yaster Outfiters manufactures and sely exteme-cold sleepg bags The table below shoen the
price-demand and total cost data where
pisthe wholesale price in dollan of a sleeping bag for a weekly demand of seeping bags
Ch the total cost tin dollar of oroducingsleping bags
Revenue Model
a tleeping bag
Using the regression model computed above, finda model for the weekly revenue, using z as the
independent variable.
P 5)
240
13.000
120
235
NOTE: Do not calculate another regression. Use the price equation to find a model for revenue
R(2) - pz.
84.300
Find a quadratic regression equation for the price-demand data, using z as the independent variable.
180
155
18.500
Pa+ be + cr
Round a to the nearest integer round b to 2 decimal places and rounde to 4 decimal places
220
50
21.000
R(2) -p (a+ bz +cr)e- az br +a
Profit Model
Cost Model
Use the models computed to find a model for the weekly profit, using z as the independent variable.
t +In +a (2)d
NOTE: Do not calculate another regression. Use the fact that profit is revenue minus cost.
Find a linear regression model for the weekly cost data, using z as the independent variable.
C(r) = ma + k
Round r to the nearest integer. round u to 1 decimal place, round a to 2 decimal places, and round t
Round m to 1 decimal place, and round k to the nearest integer.
to 4 decimal places.
The graph y= r + ux + sx² ++ tæ³ has negative y-intercept. In the context of profit for Yaster
Outfitters coming from sleeping bags, what is the interpretation of this value?
O When no sleeping bags are produced, Yaster Outfitters makes money on sleeping bags.
O When no sleeping bags are produced, Yaster Outfitters loses money on sleeping bags.
When a negative number of sleeping bags are produced, Yaster Outfitters makes money on sleeping bags.
O When a negative number of sleeping bags are produced, Yaster Outfitters loses money on sleeping bags.
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Transcribed Image Text:ted. Yaster Outfitters loses money on sleeping bags
The CEO of Yaster Outntters want te drive
production levels of sleeping bags. Which of the
following Is an appropriate advice, given that the value t in the profit model is negative.
o Yister taces weekly kosses regardless of production level, since fis negative.
O im P(z)-a so intreasing production without bound will lead to higher and higher profits.
e hn Ple - -.o increasing production without bound will ead to higher and higher losses
O im P(z) -tis negative, so increasing production too much will lead to a wekly loss of St.
Since the profit model is a cubic polynomial the marginal proft is a
linear polynomial, cubic polynomial, logarithm, quadratic
polynomial or exponential function?1
The graph of marginal profit is
a parabola opening upward, a parabola opening downward, a straight line with
negative slope, or a straight line with positive slope?1
What is r? Round to the nearest integer What is u? Round to 1 decimal place
What is s? Round to 2 decimal places.
What is u? Round to 1 decimal place
Use the weekly profit model to estimate the total weekly profit when the weekly production is 151.
Round to the nearest dollar.
What is t? Round to 4 decimal places
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