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cost model. thank you! Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: p is
cost model. thank you!
Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: p is the wholesale price in dollars) of a sleeping bag for a weekly demand of x sleeping bags: C is the total cost (in dollars) of producing x sleeping bags. x (sleeping bags) C($) . . P ($) 95 240 13,000 120 235 14,300 180 155 18.500 220 50 21,000 Use this data to create regression models to answer the questions below. Cost Model Find a linear regression model for the weekly cost data, using x as the independent variable. C(x) = mx +k Round m to 1 decimal place, and round k to the nearest integer. D Question 9 2 pts What is m? Round to 1 decimal place. Question 10 2 pts What is k? Round to the nearest integer. Use the weekly cost model to estimate the total weekly cost when the weekly demand is 129. Round to the nearest dollar. $ Question 12 2 pts What is the per unit variable cost? Round to 1 decimal place. $ per sleeping bag D Question 13 2 pts What is the weekly fixed cost of producing sleeping bags? Round to the nearest integer. 2 pts Question 14 What is the marginal weekly cost at production level 229 sleeping bags per week? Round to 1 decimal place. $ per sleeping bag D 3 pts Question 15 Use the cost model to estimate the average weekly cost per bag when the weekly demand is 123. Round to the nearest cent. $ per sleeping bag Step by Step Solution
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