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Use top photo to answer bottom question Use the linear regression models above to answer this question. Estimate the variable cost per treadmill. Round to
Use top photo to answer bottom question
Use the linear regression models above to answer this question. Estimate the variable cost per treadmill. Round to the nearest dollar. per treadmill producedBreak-Even Analysis 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 total cost (in dollars) of producing treadmills. 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 I 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. Use these linear regression models to answer questions 11-14 belowStep by Step Solution
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