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Use the price model above te answer this questien. Estimate the price per sleeping bag when the weekly demand is 138. Round to the nearest
Use the price model above te answer this questien. Estimate the price per sleeping bag when the weekly demand is 138. Round to the nearest cent. $_ per sleeping bag 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. Use the price model above to answer this question. The graph 3; = o + be + .232 has 3; intercept o. In the context of price-demand for sleeping bags, what is the interpretation of this value? (:3 The break-even point is 5o per sleeping bag. Q When the price is 3:1 per sleeping bag. there is no demand for sleeping bags. (Z) The equilibrium quantitv is o sleeping bags perweek. Q When the price is 31:1 per sleeping bag. there is a weekly demand of :1 sleeping bags. 0 The break-even peintis r1 sleeping bags perweek. Q When the sleeping bags are free {price = $0]. there is a weekly.r demand of :1 sleeping bags. (Z) The equilibrium price is Ea per sleeping bag. 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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