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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 280 420 540 850 y= (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round to two decimal places as needed.) Use the linear regression equation found in the previous step to estimate the fixed costs and variable costs per projector. The fixed costs are $. (Round to the nearest dollar as needed.) The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. The break even points are. (Type ordered pairs. Use a comma to eparate (D) Find the price range for which the company will make a profit. $spss as needed. Round to the nearest integer as needed.) p($) 604 428 168 62 (A) Find a quadratic regression equation for the price-demand data, using x as the independent variable. y=0 (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.) (B) Find a linear regression equation for the cost data, using x as the independent variable. C($) 129.000 134,900 168.000 193,000

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 280 420 540 850 y= (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round to two decimal places as needed.) Use the linear regression equation found in the previous step to estimate the fixed costs and variable costs per projector. The fixed costs are $. (Round to the nearest dollar as needed.) The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. The break even points are. (Type ordered pairs. Use a comma to eparate (D) Find the price range for which the company will make a profit. $spss as needed. Round to the nearest integer as needed.) p($) 604 428 168 62 (A) Find a quadratic regression equation for the price-demand data, using x as the independent variable. y=0 (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.) (B) Find a linear regression equation for the cost data, using x as the independent variable. C($) 129.000 134,900 168.000 193,000

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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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). The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. X 280 y= (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round to two decimal places as needed.) Use the linear regression equation found in the previous step to estimate the fixed costs and variable costs per projector. The fixed costs are $. (Round to the nearest dollar as needed.) The break even points are (Type ordered pairs. Use a comma to separate answers as needed. Round to the nearest integer as needed.) (D) Find the price range for which the company will make a profit. 420 540 850 $spss (Round to the nearest dollar as needed) p($) 604 (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.) (B) Find a linear regression equation for the cost data, using x as the independent variable. 428 168 62 C($) 129,000 134,900 168,000 193,000
Transcribed Image Text: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). The variable costs are $ per projector. (Round to the nearest dollar as needed.) (C) Find the break even points. X 280 y= (Type an expression using x as the variable. Use integers or decimals for any numbers in the expression. Round to two decimal places as needed.) Use the linear regression equation found in the previous step to estimate the fixed costs and variable costs per projector. The fixed costs are $. (Round to the nearest dollar as needed.) The break even points are (Type ordered pairs. Use a comma to separate answers as needed. Round to the nearest integer as needed.) (D) Find the price range for which the company will make a profit. 420 540 850 $spss (Round to the nearest dollar as needed) p($) 604 (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.) (B) Find a linear regression equation for the cost data, using x as the independent variable. 428 168 62 C($) 129,000 134,900 168,000 193,000
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