The cost C (in thousands of dollars) of producing x thousand microwave ovens is given in the
Question:
The cost C (in thousands of dollars) of producing x thousand microwave ovens is given in the table.
(A) Find the interpolating polynomial for this table.
(B) Use the interpolating polynomial to approximate (to the nearest thousand dollars) the cost of producing 4,000 ovens.
(C) Use the interpolating polynomial to approximate (to the nearest integer) the production level that will minimize the average cost.
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Step by Step Answer:
Lets solve the questions step by step A Find the interpolating polynomial for this table Given the data points in the table x1 y1 1 215 x2 y2 3 535 x3 ...View the full answer
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Related Book For 
Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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