The table contains price demand and total cost data for the production of extreme cold sleeping bags, where p is the who
Posted: Tue May 10, 2022 6:20 pm
- The Table Contains Price Demand And Total Cost Data For The Production Of Extreme Cold Sleeping Bags Where P Is The Who 1 (49.02 KiB) Viewed 33 times
The table contains price demand and total cost data for the production of extreme cold sleeping bags, where p is the wholesale price (in dollars) of a sleeping bag for an annual demand of x sleeping bags and C is the total cost (in dollars) of producing x sleeping bags. Complete parts (A) through (C) below. X 960 1,200 1.850 2,000 р 230 210 160 130 с 135,000 155.000 180,000 190,000 (A) Find a quadratic regression equation for the price demand data using x as the independent variable p(x) = (-0.000044) x + (0.039548 )x+ (229.7471) (Round the constant to four decimal places as needed Round all other values to six decimal places as needed) (B) Find a linear regression equation for the cost data using x as the independent variable C(x)= ( 49.000)x+ ( 91376.852) (Round to three decimal places as needed.) (C) What is the form of the equation for profit? Write the profit function in terms of the variables from the table xp and C profit= px-C What is the maximum profit? The maximum profit is so (Round to the nearest dollar as needed.)