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There are two break-even points. Find the larger production level where the company breaks even. Round to the nearest treadmill. treadmills

There are two break-even points. Find the larger production level where the company breaks even. Round to the nearest treadmill. treadmills

Mathematics For Machine Technology
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 41A
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There are two break-even points. Find the larger production level where the company breaks even. Round to the nearest treadmill. treadmills ※一 FS F6 F7 F8 F9 F10 F11 PrtSc F12 4 8 9. K B IN M Alt Ctrl + I| * 00
Transcribed Image Text:There are two break-even points. Find the larger production level where the company breaks even. Round to the nearest treadmill. treadmills ※一 FS F6 F7 F8 F9 F10 F11 PrtSc F12 4 8 9. K B IN M Alt Ctrl + I| * 00
Break-Even Analysis 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 x treadmills, and C is the total cost (in dollars) of producing a treadmills. p ($) C ($) er 2,910 1,450 3.634,000 rse 3,415 3,782,000 1,275 4,645 1,123 4,185,000 urces 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: p= ax +b, 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 æ 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. ere to search L in F5 F10 PrtSc Insert F11 F12 %23 4. Ba 9. Y U G H 11 M 5. * 00
Transcribed Image Text:Break-Even Analysis 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 x treadmills, and C is the total cost (in dollars) of producing a treadmills. p ($) C ($) er 2,910 1,450 3.634,000 rse 3,415 3,782,000 1,275 4,645 1,123 4,185,000 urces 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: p= ax +b, 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 æ 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. ere to search L in F5 F10 PrtSc Insert F11 F12 %23 4. Ba 9. Y U G H 11 M 5. * 00
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