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Faster Outfitters manufactures and sells extremecold sleeping bags. The table below shows the pricedemand and total cost data: where: - p is the 1wholesale price
\"Faster Outfitters manufactures and sells extremecold sleeping bags. The table below shows the pricedemand and total cost data: where: - p is the 1wholesale price {in dollars} ofa sleeping bag fer a tireelthir demand of a: sleeping bags; - C is the total cost {in dollars] of producing a: sleeping bags. a: [sleeping .f Use this data to create regression models to answer all of the questions below. Price Model Find a quadratic regression equation for the price-demand data, using * as the independent variable. p = a+ bx + cal Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places. Use this price model to answer question 1-2 below.Use the price model above to answer this question. Estimate the price per sleeping bag when the weekly demand is 2131. Round to the nearest cent. $ per sleeping bag Use the price model above to answer this question. The graph 3; = o + Em: l can2 has 3; intercept o. In the context of price-demand for sleeping bags, what is the interpretation of this 1.ralue'? (:3: When the sleeping bags are free {price = $0}, there is a weekly.r demand ofo sleeping page. C; The equilibrium quantity is a sleeping pags per week". (:3: The equilibrium price is $o per sleeping bag. (3 When the price is So. per sleeping bag, there is no demand for sleeping bags. (:3: When the price is So per sleeping bag, there is a weekly demand of is sleeping bags. (:3: The break-even point is is sleeping bags per week. (:3: The break-even point is le per sleeping bag
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