Please use excel or show excel commands and give detailed solution.

The following table contains pricedemand and total cost data for the production of regular sleeping blankets, where the wholesale price (in dollars) of a sleeping blankets is for an annual demand of sleeping blankets and is the total cost (in dollars) of producing sleeping blankets:

b. Find a linear best fit equation for the cost data, using as the independent variable. (Use Excel) a. Find a quadratic best fit equation for the pricedemand data, using as the independent variable. (Use Excel) (Hint: Express the price as a function of the demand )

c. By using the pricedemand equation found in part (a), and cost function found in part (b), find a best fit equation for profit function (), using as the independent variable. Then plot its graph using given values in the table. (Use Excel)

d. What is the maximum profit? How many sleeping blankets must be produced (demanded) to have the maximum profit? What is the wholesale price per regular sleeping blanket that should be charged to realize the maximum profit? Use the profit function, (), you obtained in part (c), and find the requested values algebraically.

e 1 X C[x] 135000 2250 3100 1850.00 72 195000 5 5150 000SZZ 6 5650 250000 7 6100 291520