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Break-Even Analysis The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale price (in dollars) of
Break-Even Analysis The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale price (in dollars) of a treadmill for an annual demand of m treadmills, and C is the total cost (in dollars) of producing a: treadmills. :c p ($) 0 ($) 2,910 1,450 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to nd a linear regression equation for price-demand data, using a: as the independent variable: 19 : as: + b, where a is rounded to 1 decimal place and bis rounded to the nearest integer. Use this data to nd a linear regression model for the cost data, using a: as the independent variable: C(33) 2 ca: + d, where c is rounded to the nearest integer and dis rounded to the nearest 10,000. Use these linear regression models to answer questions 2-5 below. Question 4 2 pts Use the linear regression models above to answer this question. There are two break-even points. Find the smaller production level where the company breaks even. Round to the nearest treadmill. treadmills
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