MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
Bartleby Related Questions Icon

Related questions

bartleby

Concept explainers

Topic Video
Question

I dont knowhow to do. this

6. Each year, a baseball team sells boxes of chocolates as a fundraiser to lower the cost of team fees.
The price of the chocolates and the number of boxes sold varies each year. The information from
five years of sales is given in the table below.
Price per
box ($)
3.00
4.00
5.50
6.50
8.00
Воxes
5303
3360
1777
1316
1019
sold
Find the regression equation in the form y = ax' + bx² +cx+d_that best approximates the
а.
data. Express the values of a, b, c, and d to the nearest hundredth.
b. Use the equation to find the number of boxes, to the nearest whole number, that the team will
sell if they charge $4.35 per box.
One year, the team only sold 125 boxes of chocolates. What price did they charge for each
box?
с.
d.
If the team raises the price too high, they will not sell any boxes. Use your regression
equation to predict the price of a box that will result in zero boxes sold.
expand button
Transcribed Image Text:6. Each year, a baseball team sells boxes of chocolates as a fundraiser to lower the cost of team fees. The price of the chocolates and the number of boxes sold varies each year. The information from five years of sales is given in the table below. Price per box ($) 3.00 4.00 5.50 6.50 8.00 Воxes 5303 3360 1777 1316 1019 sold Find the regression equation in the form y = ax' + bx² +cx+d_that best approximates the а. data. Express the values of a, b, c, and d to the nearest hundredth. b. Use the equation to find the number of boxes, to the nearest whole number, that the team will sell if they charge $4.35 per box. One year, the team only sold 125 boxes of chocolates. What price did they charge for each box? с. d. If the team raises the price too high, they will not sell any boxes. Use your regression equation to predict the price of a box that will result in zero boxes sold.
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Text book image
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Text book image
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Text book image
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
Text book image
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Text book image
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman