The table to the right contains price-demand and total cost data for the production of projectors,...
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The table to the right contains price-demand and total cost data for the production of projectors, where p is the wholesale price (in dollars) of a projector for an annual demand of x projectors and C is the total cost (in dollars) of producing x projectors. Answer the following questions (A) - (D). X 310 490 630 890 p($) 601 378 203 82 C($) 128,000 134,900 156,000 179,000 (A) Find a quadratic regression equation for the price-demand data, using x as the independent variable. y = (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round the coefficients to seven decimal places as needed. Round the constant term to three decimal places as needed.) The table to the right contains price-demand and total cost data for the production of projectors, where p is the wholesale price (in dollars) of a projector for an annual demand of x projectors and C is the total cost (in dollars) of producing x projectors. Answer the following questions (A) - (D). X 310 490 630 890 p($) 601 378 203 82 C($) 128,000 134,900 156,000 179,000 (A) Find a quadratic regression equation for the price-demand data, using x as the independent variable. y = (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round the coefficients to seven decimal places as needed. Round the constant term to three decimal places as needed.)
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College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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