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    "url": "\/study-help\/questions\/the-table-below-contains-pricedemand-and-total-cost-data-for-2431833",
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    "meta_title": "[Solved] The table below contains price-demand and | SolutionInn",
    "meta_description": "Answer of - The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale p | SolutionInn",
    "meta_keywords": "table,below,price-demand,total,cost,data,production,treadmills,wholesale,price,dollars,treadmill",
    "question_title_h1": "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",
    "question_title": "The table below contains price-demand and total cost data for the production",
    "question_title_for_js_snippet": "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 x treadmills, and C is the total cost (in dollars) of producing x treadmills  x p ($) C ($) 2,910 1,450 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to find a linear regression equation for price demand data, using x as the independent variable  p ax b, where a is rounded to 1 decimal place and b is rounded to the nearest integer  Use this data to find a linear regression model for the cost data, using x as the independent variable  C(x) cx d, where c is rounded to the nearest integer and d is rounded to the nearest 10,000  1 ) Estimate the fixed costs  Round to the nearest $10,000  $             2 ) Estimate the variable cost per treadmill  Round to the nearest dollar  $ per treadmill produced 3 ) There are two break even points  Find the smaller production level where the company breaks even  Round to the nearest treadmill  treadmills 4 ) There are two break even points  Find the larger production level where the company breaks even  Round to the nearest treadmill  treadmills",
    "question_description": "<p>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 x treadmills, and C is the total cost (in dollars) of producing x treadmills.<\/p> <figure><table><tbody> <tr> <td><p>x<\/p><\/td> <td><p>p <strong>($)<\/strong><\/p><\/td> <td><p>C <strong>($)<\/strong><\/p><\/td> <\/tr> <tr> <td>2,910<\/td> <td>1,450<\/td> <td>3,634,000<\/td> <\/tr> <tr> <td>3,415<\/td> <td>1,275<\/td> <td>3,782,000<\/td> <\/tr> <tr> <td>4,645<\/td> <td>1,123<\/td> <td>4,185,000<\/td> <\/tr> <tr> <td>5,330<\/td> <td>918<\/td> <td>4,290,000<\/td> <\/tr> <\/tbody><\/table><\/figure><p>Use this data to find a linear regression equation for price-demand data, using x as the independent variable:<\/p> <p>p=ax+b,<\/p> <p>where a is rounded to 1 decimal place and b is rounded to the nearest integer.<\/p> <p>Use this data to find a linear regression model for the cost data, using x as the independent variable:<\/p> <p>C(x)=cx+d,<\/p> <p>where c is rounded to the nearest integer and d is rounded to the nearest 10,000.<\/p> <p><\/p> <p><\/p> <p>1.) Estimate the fixed costs. Round to the nearest $10,000.<\/p> <p>$ ___________<\/p> <p><\/p> <p>2.) Estimate the variable cost per treadmill. Round to the nearest dollar.<\/p> <p>$<u>        <\/u> per treadmill produced<\/p> <p><\/p> <p>3.) There are two break-even points. Find the smaller production level where the company breaks even. Round to the nearest treadmill.<\/p> <p><u>        <\/u> treadmills<\/p> <p><\/p> <p>4.) There are two break-even points. Find the larger production level where the company breaks even. Round to the nearest treadmill.<\/p> <p><u>        <\/u> treadmills<\/p>",
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        "title": "Financial Accounting",
        "isbn": "978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881",
        "edition": "6th Edition",
        "authors": "Libby, Short",
        "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/143.jpg",
        "uri": "\/textbooks\/financial-accounting-6th-edition-143",
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        "edition": "4th Edition"
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