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Minimizing average costs:-
The table gives the total daily costs y (in dollars) of producing x deluxe pizzas at various production levels.
(A) Enter the data into a graphing calculator and find a quadratic regression equation for the total costs.
(B) Use the regression equation from part (A) to find the minimum average cost (to the nearest cent) and the corresponding production level (to the nearest integer).
What are the maximum profit and the corresponding make/buy levels?- Compare the maximum profit in (a) to the maximum profit achievable without integer constraints.
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