Price Model Find a quadratic regression equation for the price-demand data, using x as the independent variable. p = a + bx + cx² Round a to the nearest integer, round 6 to 2 decimal places, and round c to 4 decimal places. 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. x(sleeping bags) p ($) C ($) 95 240 13,000 120 235 14,300 180 155 18,500 220 50 21,000
Price Model Find a quadratic regression equation for the price-demand data, using x as the independent variable. p = a + bx + cx² Round a to the nearest integer, round 6 to 2 decimal places, and round c to 4 decimal places. 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. x(sleeping bags) p ($) C ($) 95 240 13,000 120 235 14,300 180 155 18,500 220 50 21,000
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter3: Functions
Section3.3: More On Functions; Piecewise-defined Functions
Problem 88E
Related questions
Question
Use the price model above to answer question 1
1) Estimate the price per sleeping bag when the weekly demand is 195. Round to the nearest cent.
$ _____per sleeping bag
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