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Revenue Model Use the price model above to construct a revenue model. Find a model for the weekly revenue, using a as the independent variable.
Revenue Model Use the price model above to construct a revenue model. Find a model for the weekly revenue, using a as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue R(x) = P . x. R(x) = p . x = (a + ba + car?) xe = ax + bac2 + ca 3 Use this revenue model to answer questions 3-8 below. Question 3 3 pts Use the revenue model above to answer this question. What is a? Round to the nearest integer.Question 4 3 pts Use the revenue model above to answer this question. What is 1)? Round to 2 decimal places. Question 5 3 pts Use the revenue model above to answer this question. What is 0? Round to 4 decimal places. Question 6 3 pts Use the revenue model above to answer this question. Estimate the weekly revenue when the weekly demand is 206. Round to the nearest dollar. $ Question 7 3 pts Use the revenue model above to answer this question. Estimate the marginal weekly revenue when the weekly demand is 109. Round to the nearest cent. $ per sleeping bag Question 8 Use the revenue model above to answer this question. Estimate the average weekly revenue per bag when the weekly demand is 157. Round to the nearest cent. $ per sleeping bag Yaster Outtters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: 0 p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a: sleeping bags; 0 C is the total cost (in dollars) of producing :1: sleeping bags. 0 (9 Use this data to create regression models to answer all of the questions below
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