Cost Model Find a linear regression model for the weekly cost data, using as the independent variable. C(x) = mx + k Round m to 1 decimal place, and round k to the nearest integer. Use this cost model to answer questions 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. (sleeping bags) 95 120 180 220 p ($) 240 235 155 50 C($) 13,000 14,300 18,500 21,000 Use this data to create regression models to answer all of the questions below.
Cost Model Find a linear regression model for the weekly cost data, using as the independent variable. C(x) = mx + k Round m to 1 decimal place, and round k to the nearest integer. Use this cost model to answer questions 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. (sleeping bags) 95 120 180 220 p ($) 240 235 155 50 C($) 13,000 14,300 18,500 21,000 Use this data to create regression models to answer all of the questions below.
Chapter3: Polynomial Functions
Section: Chapter Questions
Problem 18T
Related questions
Question
1) Use the weekly cost model to estimate the total weekly cost when the weekly demand is 147. Round to the nearest dollar.
2) What is the per unit variable cost? Round to 1 decimal place.
$_______per sleeping bag
Screenshots attached ty for the help
answerasap!!!
Transcribed Image Text:Cost Model
Find a linear regression model for the weekly cost data, using as the independent variable.
C(x) = mx + k
Round m to 1 decimal place, and round k to the nearest integer.
Use this cost model to answer questions
Transcribed Image Text:Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows
the price-demand and total cost data, where:
⚫ p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping
bags;
.
C' is the total cost (in dollars) of producing a sleeping bags.
(sleeping bags)
95
120
180
220
p ($)
240
235
155
50
C($)
13,000
14,300
18,500
21,000
Use this data to create regression models to answer all of the questions below.
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