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Yaster Outtters manufactures and sells extremecold sleeping bags. The table below shows the pricedemand and total cost data, where: I p is the wholesale price
Yaster Outtters manufactures and sells extremecold sleeping bags. The table below shows the pricedemand and total cost data, where: I p is the wholesale price [in dollars} of a sleeping bag for a weeI-uzhrr demand of m sleeping bags: - C is the total cost [in dollars} of producing :1: sleeping bags. a: (sleeping bags] p [H C {35} 130 1 5 5 1 B, 500 Use this data to create regression models to answer all of the questions below. Price Model Find a quadratic regression equation for the pricedemand data, using a: as the independent variable. 3::- = o. + 53: + p.32 Round cr- to the nearest integer, round I:- to 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. Estimate the price per sleeping bag when the weekly demand is 201. Round to the nearest cent. $ per sleeping bag Question 2 3 pts Use the price model above to answer this question. The graph y = a + br + cr has y intercept a. In the context of price-demand for sleeping bags, what is the interpretation of this value? O When the price is $a per sleeping bag, there is no demand for sleeping bags. O The equilibrium price is $a per sleeping bag. The break-even point is $a per sleeping bag. O When the sleeping bags are free (price = $0), there is a weekly demand of a sleeping bags. The break-even point is a sleeping bags per week. The equilibrium quantity is a sleeping bags per week. O When the price is $a per sleeping bag, there is a weekly demand of a sleeping bags
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