Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Break-Even Analysis The table below contalis neice-deraand and total cost data for the production of tresdmilt, where pis the wholesile price (in dollarsh of a

image text in transcribed
image text in transcribed
image text in transcribed
Break-Even Analysis The table below contalis neice-deraand and total cost data for the production of tresdmilt, where pis the wholesile price (in dollarsh of a treatisilf for an anniat demand of x tre atmils. and C is the total cout (in dolbing of producine 2 treadmilk. Use this data to find a linear regretsion equation for price-demand data, using 2 as the independent variable: p=ax+b where a is rounded to 1 decimal place and b is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using x as the independent variable: C(x)=cx+d where c is rounded to the hearest integer and d is rounded to the nearest 10.000. Use these linear regression models to answer questions 11.14 below. Use the linear regression models above to answer this question. Estimate the fixed costs. Round to the nearest $10,000. Question 12 Use the linear regression models above to answer this question. Estimate the variable cost per treadmill, Round to the nearest dollar. $ per treadmill produced Uie the linear regression models above to answer this questice. There are two breakiewen points, Find the smaler prodection level where the compasy breaks even. Fourd to the neareit treadmil. treadmils Question 14 5pts Use the linear regression models above to answer this question. There are two break-even points. Find the larger aroduction level where the company breaks even found to the nearent treadmill. treadreals

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions

Question

To solve p + 3q = 5z + tan( y - 3x)

Answered: 1 week ago