Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Statistic X Exam2_ X GGoogle X Sign in t x C Solved ( X G is delta x M Inbox (1 X M Suleyme X

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Statistic X Exam2_ X GGoogle X Sign in t x C Solved ( X G is delta x M Inbox (1 X M Suleyme X Quiz: Mi X Untitled X G macroer X G at a give X K C uncg.instructure.com/courses/105645/quizzes/311106/take O J Update : UNCG Fall 2022 Home D Question 1 2 pts O Announcements Account Discussions Marginal Profit Grades Dashboard Yaster Breakfast Supplies is planning to manufacture and market a new toaster. After conducting MyLab and extensive market surveys, the research department provides the following estimates: Mastering Courses . a weekly demand of 307 at a price of $13 per toaster Syllabus . a weekly demand of 192 at a price of $17 per toaster Groups Modules The financial department estimates that weekly fixed costs will be $1,363 and variable costs (cost per unit) will be $5. ID Photo Roster Assume: Calendar Library Resources . the relationship between price and demand is linear Course Materials . the cost function in linear Inbox Use your models to predict the marginal profit when Yaster is producing and selling 261 toasters per week. Round to the nearest cent. History $ per toaster Studio ? Help D Break-Even Analysis K The table below contains price-demand and total cost data for the production of treadmills, where dollars) of admill for mills and C is theStatistic X Exam2_ X G Google X Sign in t x C Solved ( X G is delta x M Inbox (1 X M Suleymz X Quiz: Mi X Untitled X G macroer X G at a give X K C uncg.instructure.com/courses/105645/quizzes/311106/take Update : UNCG Fall 2022 D Home Break-Even Analysis O Announcements The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale price (in dollars) of a treadmill for an annual demand of a treadmills, and C is the Account Discussions total cost (in dollars) of producing a treadmills. Grades Dashboard p ($ ) C ( $ ) MyLab and 2,910 3,634,000 Mastering 1,450 Courses 3,415 1,275 3,782,000 Syllabus 4,645 1,123 4,185,000 Groups Modules 5,330 918 4,290,000 ID Photo Roster Use this data to find a linear regression equation for price-demand data, using a as the Calendar Library Resources independent variable: Course Materials p = ax + b, Inbox where a is rounded to 1 decimal place and b is rounded to the nearest integer. History Use this data to find a linear regression model for the cost data, using a as the independent variable: Studio C(ac ) = ca + d, ? where c is rounded to the nearest integer and d is rounded to the nearest 10,000. Help Use these linear regression models to answer questions 2-5 below. D Question 2 2 pts KStatistic X Exam2_ X G Google X Sign in t x C Solved ( X G is delta x M Inbox (1 X M Suleyme X Quiz: Mi X Untitled X G macroer X G at a give x K C uncg.instructure.com/courses/105645/quizzes/311106/take O J Update : UNCG Fall 2022 D Question 2 2 pts Home O Announcements Use the linear regression models above to answer this question. Account Discussions Estimate the fixed costs. Round to the nearest $10,000. Grades $ Dashboard MyLab and Mastering Courses Syllabus Groups Modules ID Photo Roster D Question 3 2 pts Calendar Library Resources Course Materials Inbox Use the linear regression models above to answer this question. Estimate the variable cost per treadmill. Round to the nearest dollar. History $ per treadmill produced Studio ? Help D Question 4 2 pts Use the linear regression models above to answer this question. KStatistic X Exam2_ X G Google X Sign in t x C Solved ( X G is delta x M Inbox (1 X M Suleymz X Quiz: Mi X Untitled X G macroer X G at a give x K C uncg.instructure.com/courses/105645/quizzes/311106/take O J Update : UNCG Fall 2022 D Question 4 2 pts Home O Announcements Use the linear regression models above to answer this question. Account Discussions There are two break-even points. Find the smaller production level where the company breaks Grades even. Round to the nearest treadmill. Dashboard MyLab and treadmills Mastering Courses Syllabus Groups Modules ID Photo Roster Calendar Library Resources D Question 5 2 pts Course Materials Inbox Use the linear regression models above to answer this question. History There are two break-even points. Find the larger production level where the company breaks even. Round to the nearest treadmill. Studio treadmills ? Help K Quiz saved at 6:58pm Submit Quiz

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus Single Variable

Authors: Deborah Hughes Hallett, Andrew M Gleason, William G McCallum, David O Lomen, David Lovelock, Jeff Tecosky Feldman, Thomas W Tucker, Daniel E Flath, Jo

5th Edition

0470461594, 9780470461594

More Books

Students also viewed these Mathematics questions