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D 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)
D 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 a treadmills, and C is the total cost (in dollars) of producing a treadmills. P ($) C ($ ) 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 find a linear regression equation for price-demand data, using a 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 a as the independent variable:" C(x) = cx + d. where c is rounded to the nearest integer and d is rounded to the nearest 10.000. Use these linear regression models to answer questions 11-14 below. D Question 11 6 pts Use the linear regression models above to answer this question. Estimate the fixed costs. Round to the nearest $10,000. D Question 12 6 pts Use the linear regression models above to answer this question. Estimate the variable cost per treadmill. Round to the nearest dollar. S per treadmill produced G D Question 13 6 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 D Question 14 5 pts Use the linear regression models above to answer this question. There are two break-even points. Find the larger production level where the company breaks even. Round to the nearest treadmill. treadmills
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