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 13,000 120 180 220 235 155 50 14,300 18,500 21,000 Use this data to create regression models to answer all of the questions below. Price Model Find a quadratic regression equation for the price-demand data, using as the independent variable. p=a+bx+cx²
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 13,000 120 180 220 235 155 50 14,300 18,500 21,000 Use this data to create regression models to answer all of the questions below. Price Model Find a quadratic regression equation for the price-demand data, using as the independent variable. p=a+bx+cx²
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
Estimate the price per sleeping bag when the weekly demand is 177. Round to the nearest cent. Per sleeping bag
Transcribed Image Text: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.
C ($)
13,000
14,300
18,500
21,000
x (sleeping bags)
95
120
180
220
P ($)
240
235
155
50
Use this data to create regression models to answer all of the questions below.
Price Model
Find a quadratic regression equation for the price-demand data, using as the
independent variable.
p= a +bx+cx²
Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal
places.
Use this price model to answer question 1-2 below.
3 pts
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