Estimate the fixed costs. Round to the nearest $10,000. A The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale price (in dollars) of a treadmill for an annual demand of treadmills, and C is the total cost (in dollars) of producing a treadmills. x 2,910 3,415 4,645 5,330 p ($) 1,450 1,275 1,123 918 C ($) 3,634,000 3,782,000 4,185,000 4,290,000 Use this data to find a linear regression equation for price-demand data, using as the independent variable: p = ax + b₁ 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 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.
Estimate the fixed costs. Round to the nearest $10,000. A The table below contains price-demand and total cost data for the production of treadmills, where p is the wholesale price (in dollars) of a treadmill for an annual demand of treadmills, and C is the total cost (in dollars) of producing a treadmills. x 2,910 3,415 4,645 5,330 p ($) 1,450 1,275 1,123 918 C ($) 3,634,000 3,782,000 4,185,000 4,290,000 Use this data to find a linear regression equation for price-demand data, using as the independent variable: p = ax + b₁ 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 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.
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.4: Cicumference And Area Of A Cicle
Problem 46E: A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables...
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Transcribed Image Text:Estimate the fixed costs. Round to the nearest $10,000.
A
Transcribed Image Text:The table below contains price-demand and total cost data for the production of treadmills,
where p is the wholesale price (in dollars) of a treadmill for an annual demand of treadmills,
and C is the total cost (in dollars) of producing a treadmills.
x
2,910
3,415
4,645
5,330
p ($)
1,450
1,275
1,123
918
C ($)
3,634,000
3,782,000
4,185,000
4,290,000
Use this data to find a linear regression equation for price-demand data, using as the
independent variable:
p = ax + b₁
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 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.
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