Find quadratic regression equation for the price demand data

Assignment Help Project Management

Reference no: EM131268964

Maximum profit:-

The following table contains price demand and total cost data for the production of extremecold sleeping bags, where p is the wholesale price (in dollars) of a sleeping bag for an annual demand of x sleeping bags and C is the total cost (in dollars) of producing x sleeping bags:

(A) Find a quadratic regression equation for the price demand data, using x as the independent variable.

904_Table 4.jpg

(B) Find a linear regression equation for the cost data, using x as the independent variable.

(C) What is the maximum profit? What is the wholesale price per extreme-cold sleeping bag that should be charged to realize the maximum profit? Round answers to the nearest dollar.

Reference no: EM131268964

Questions Cloud

What is the bottleneck capacity in candidates per hour : Job candidates are leaving an office every 50 minutes. Each candidate goes through three activities during the office visit: verification, written test, and interview. Verification takes 1 minute, the written test takes 40 minutes, and the interview ..

Manufacturing process of stuffed toy : There are four steps in the manufacturing process of a stuffed toy: cutting, stuffing, sealing, and packaging. There are two employees each for cutting and stuffing but one each for sealing and packaging. The processing times of cutting, stuffing, se..

Certificate of incorporation : ABC Corporation obtained its Certificate of Incorporation (Its Charter) from the State of Delaware. It has its headquarters and most of its employees in the State of Massachusetts. Based upon this scenario, ABC Corporation is considered a Foreign ..

Provide example from everyday life of positive reinforcement : Review this video on classical conditioning and play the Pavlov's dog game (the Altoid with Dwight and Jim from The Office) (1 minute). Play the Pavlov's dog game. Use different CSs and USs and observe how it affects the conditioning of Ivan.

Find quadratic regression equation for the price demand data : Find a quadratic regression equation for the price demand data, using x as the independent variable.- Find a linear regression equation for the cost data, using x as the independent variable.

Determine the total impedance of the circuit at resonance : Calculate the voltages VR, VL, and VC at resonance. How are VL and VC related? How does VR compare to the applied voltage E?

Why does the united states intervene in spanish cuba : Why does the United States intervene in Spanish Cuba and what results flow from this intervention? Who supports empire? Who opposes it?

Patients are arriving at clinic at rate of two per minute : Patients are arriving at a clinic at a rate of two per minute. Each patient’s visit consists of four steps: check in, record vital signs, receive treatment, and check out. A receptionist takes 1 minute to check a patient in.

Why is the building of panama canal important to the us : Why is the acquisition and building of the Panama Canal important to the U.S.? What is the Roosevelt Corollary and how does this impact American policy towards Latin America? Discuss, providing examples.

User Account

All Pages