Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6. Each year, a baseball team sells boxes of chocolates as a fundraiser to lower the cost of team fees. The price of the chocolates

image text in transcribed
6. Each year, a baseball team sells boxes of chocolates as a fundraiser to lower the cost of team fees. The price of the chocolates and the number of boxes sold varies each year. The information from ve years of sales is given in the table below. Pm\" Per 3.00 4.00 5.50 6.50 8.00 box $ Boxes 5837 3571 1950 1118 sold a. Find the regression equation in the form y = ax3 + bx2 + cx + d that best approximates the data. Express the values of a, b, c, and d to the nearest hundredth. (1 mark) b. Use the equation to nd the number of boxes, to the nearest whole number, that the team will sell if they charge $4.35 per box. (1 mark) c. One year, the team only sold 366 boxes of chocolates. What price did they charge for each box? (1 mark) d. If the team raises the price too high, they will not sell any boxes. Use your regression equation to predict the price of a box that will result in zero boxes sold. (1 mark)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus Enhanced With Graphing Utilities (Subscription)

Authors: Michael Sullivan, Michael Sullivan III

7th Edition

0134273125, 9780134273129

More Books

Students also viewed these Mathematics questions

Question

Explain the difference between actus reus and mens rea.

Answered: 1 week ago

Question

In what research projects are your students currently involved?

Answered: 1 week ago