Find a linear regression model for the weekly cost data, using a as the independent variable. C(x) = mx + k Round m to 1 decimal place, and round k to the nearest integer. 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 13,000 120 235 14,300 180 155 18,500 220 50 21,000

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter3: Functions
Section3.3: More On Functions; Piecewise-defined Functions
Problem 88E
Question

What is the weekly fixed cost of producing sleeping bags?  Round to the nearest integer.

$_____            

What is the marginal weekly cost at production level 146 sleeping bags per week?  Round to 1 decimal place.

$_____per sleeping bag

Use the cost model to estimate the average weekly cost per bag when the weekly demand is 200.  Round to the nearest cent.

$____ per sleeping bag

Find a linear regression model for the weekly cost data, using a as the independent variable.
C(x) = mx + k
Round m to 1 decimal place, and round k to the nearest integer.
Transcribed Image Text:Find a linear regression model for the weekly cost data, using a as the independent variable. C(x) = mx + k Round m to 1 decimal place, and round k to the nearest integer.
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
235
14,300
180
155
18,500
220
50
21,000
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. x(sleeping bags) P ($) C ($) 95 240 13,000 120 235 14,300 180 155 18,500 220 50 21,000
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