The table below shows the profit, P(x), in dollars, from selling x items. 1 2 3 6 14 P(x) 66.1 82.4 88.9 49.6 -77.9 -486.4 Using your calculator to do a quadratic regression, express the profit as a function of the number of items sold. P(x) = Round all numbers to 1 decimal place. Using your quadratic regression, estimate the profit from selling 5 items? Select an answer v Round to 2 decimal places. Using your quadratic regression, estimate the number of items that need to be sold to make a profit of $-25.6 ? Select an answer

The table below shows the profit, P(x), in dollars, from selling x items. 1 2 3 6 14 P(x) 66.1 82.4 88.9 49.6 -77.9 -486.4 Using your calculator to do a quadratic regression, express the profit as a function of the number of items sold. P(x) = Round all numbers to 1 decimal place. Using your quadratic regression, estimate the profit from selling 5 items? Select an answer v Round to 2 decimal places. Using your quadratic regression, estimate the number of items that need to be sold to make a profit of $-25.6 ? Select an answer

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 1E

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