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Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: p is the wholesale price
Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping bags; C is the total cost (in dollars) of producing a sleeping bags. 95 (sleeping bags) 120 180 220 P ($) 240 235 155 50 C ($) 13,000 14,300 18,500 21,000 Use this data to create regression models to answer all of the questions below. Price Model Find a quadratic regression equation for the price-demand data, using an as the independent variable. p=a+b+cz? Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places. Use this price model to answer question 1-2 below.
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