Background: Your Company (Parkville Motor-Works Sales) makes electric mini-bikes_ Your boss assigned your team the task of determining the price/demand: cost function: break-even and profit loss analysis. Your team hits the ground running and collects the following data. (Being the teanl leader you may not know how they did it _ just be happy it got done) Table 2 : Price,'Demand Table 3_ Cost x thousands 13 19 25 550 375 300 150 x thousands 5 10 20 30 Costs thousands S 2,450 2,950 3,750 4,900 2 3 Now comes thc fun part! Analysis: Build a model of the Price/Demand (use graph paper a. Graph the points and fit a curve to the points _ b. Interpret the graph (what is it telling you?)_ Does the graph look linear? Why? On another graph: Build a model for Cost a. Graph the points and fit a curve to the points _ b. Interpret the graph (what is it telling you?)_ Does the graph look linear? Do a TLAR (That Looks About Right) and ASSI_.AIE the best price is S360 for each bike a. Graph the Cost Function and the Revenue unction [R(x) = 360x] together. b. Where is the point? (i.e. where do the two lines cross?)