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Price Model Find a quadratic regression equation for the price-demand data, using a: as the independent variable. p : o. I ha: l one:2 Round
Price Model Find a quadratic regression equation for the price-demand data, using a: as the independent variable. p : o. I ha: l one:2 Round o. to the nearest integer. round bto 2 decimal places. and round c to 4 decimal places. Use this price model to answer question 1-2 below. Prot Model Use the revenue and cost models above to construct a model for prot. Find a model for the weeklv prot. using a as the independent variable. PUB} = r + us." I 3:32 + 313 NOTE: Do not calculate another regression. Use the fact that prot is revenue minus cost. Round in to the nearest integer. round 1:. to 1 decimal place. round 3 to 2 decimal places. and round t to 4 decimal places. Use this prot model to answer questions 16-29 below. Additional Information The weekly prot model has roots at :L' = 52.739. 1' = 47.555. and a: = 202.944, rounded to 3 decimal places. The marginal weekly prot model has roots at a: = 8.488 and :I.' = 140.295. rounded to 3 decimal places. Use this information and the prot model to answer the questions 24-2? below. Use the Additional Information and the prot model above to answer this question. What weekly.r production level will maximize prot? Round to 1 decimal place. Eleeping baga Use the Addio nal Information and the prot model above to answer this ouesti on. What is the maxi mum weekly prot? Round to the nearest dollar. $ Use the Additional Information and the prot model above to answer this question. What is the wholesale price per sleeping bag that should be charged to realize the maximum weekly prot? Round to the nearest cent. 5 per sleeping bag Revenue Model Use the price model above to construct a revenue model. Find a model for the weeklv revenue, using a: as the independent variable. NOTE: Do not calculate another regression. Use the price equation to nd a model for revenue 12(3) =p~az R(m) ZP'EZ {n+5m+632}: =om+ilm2 +.:.-:3 Use this revenue model to answer questions 3-3 below. Taster Outtters manufactures and sells extremecold sleeping bags. The table below shows the price-demand and total cost data, where: - p is the wholesale price [in dollars]I ofa sleeping bagtora weekly demand of a sleeping bags; -0 Is the total cost [in dollars]I of producing a: sleeping bags. Use this data to create regression models to answer all of the questions below
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