Homework Help is Here – Start Your Trial Now!
Math
Statistics
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

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter3: Functions
Section3.3: More On Functions; Piecewise-defined Functions
Problem 88E
See similar textbooks
icon
Related questions
Question
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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
SEE MORE TEXTBOOKS