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Prot Model Use the revenue and cost models above to construct a model for prot. Find a model for the weekly prot, using a: as
Prot Model Use the revenue and cost models above to construct a model for prot. Find a model for the weekly prot, using a: as the independent variable. P(:c) = a" + um + 5ch + tat?' NOTE: Do not calculate another regression. Use the fact that prot is revenue minus cost. Round 1 to the nearest integer, round It. to 1 decimal place, round .9 to 2 decimal places, and round t to 4 decimal places. Use this prot model to answer questions 16-29 below. Question 16 2 pts Use the profit model above to answer this question. The graph y = r + ux + sac2 + ta" has negative y-intercept. In the context of profit for Yaster Outfitters coming from sleeping bags, what is the interpretation of this value? O When no sleeping bags are produced, Yaster Outfitters loses money on sleeping bags. O When no sleeping bags are produced, Yaster Outfitters makes money on sleeping bags. When a negative number of sleeping bags are produced, Yaster Outfitters makes money on sleeping bags. When a negative number of sleeping bags are produced, Yaster Outfitters loses money on sleeping bags.' Question 17 3 pts Use the prot model above to answer this question. The CEO of Yaster Outtters want to drive up production levels of sleeping bags. Which of the following is an appr0priate advice, given that the value t in the prot model is negative. 0 lim 13(13) : 00, so increasing production without bound will lead to higher 27}00 and higher losses. 0 Yaster faces weekly losses regardless of production level, since t is negative. O lim P($) = 00, so increasing production without bound will lead to higher and $}DO higher prots. O lim Pv) = t is negative, so increasing production too much will lead to a $4POO weekly loss of $15. Use the prot model above to answer this question. Since the prot model is a cubic polynomial, the marginal prot is a [Select] V . The graph of marginal prot is [ Select] Use the prot model above to answer this question. What is 1*\"? Round to the nearest integer. Use the prot model above to answer this question. What is u? Round to 1 decimal place. Question 21 2 pts Use the prot model above to answer this question. What is 3? Round to 2 decimal places. Question 22 3 pts Use the prot model above to answer this question. What is t? Round to 4 decimal places. Question 23 3 pts Use the prot model above to answer this question. Use the weekly prot model to estimate the total weekly prot when the weekly production is 157. Round to the nearest dollar. $
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