Instructions: Below is a data set given to you. Your job is to analyze this data and answer the questions listed underneath. Your project should have an introduction to explain what the project is about and detailed answers to all the questions. Just listing answers without any supporting work will earn you only minimal grade. The project report should be typed and saved either as .doc (MS-word) or .pdf file. I highly recommend using Excel or something similar for the scatterplot. You can then cut and paste it into your write-up. (If you do not have access to Excel or something similar, I do have a free graphing utility software that I can provide. It doesn't look as nice but will get the job done.) Let me know if you have any difficulty creating the scatterplot. If you would like to turn in a rough draft for me to comment on prior to the final due date, please do so by the Wednesday before the due date. I will try to get it back to you within 48 hours so you will have time to make corrections. (Students who turn in a rough draft typically do much better than those who do not.) Use complete sentences in your write-ups. All exponents should be expressed using superscripts rather than the symbol. Presentation, grammar and spelling will all be taken into account when grading. The project uses several concepts from chapter 4. Please read the project through before doing the Chapter 4 homework, so you can keep an eye out for helpful examples. If you have any questions about the project you can ask me via e-mail or post your questions in the 'Student Questions' discussion forum. I don't mind students sharing ideas about the project, but each student must turn in their own unique write-up. Market Research A local grocery store has agreed to sell your homemade bread. You will use the following information along with some ideas from Chapter 3 to decide how many loaves should be manufactured each week and what price should be charged. After tracking weekly sales at several different prices, you get the following data: Loaves Sold, x Price, p 355 $1.50 320 $2.00 265 $2.50 235 $3.00 180 $3.50 125 $4.00 In order to increase manufacturing capacity, you've taken out a loan to buy an industrial sized oven for $4000. The new oven will allow you to make a maximum of about 400 loaves of bread per week. The loan is to be paid back monthly over two years at an annual interest rate of 10% compounded monthly. The monthly payments are $203.40. (You can check these numbers after section 5.7.) The ingredients for two loaves of bread are given in the table below. The $1.182 is the cost of the ingredients for a single loaf of bread.