Cost data and demand data for a company's best-selling product are given in the tables below. Find linear regression models for cost and demand and then use them to find the number of items that must be sold to break even on that product. Round your answer to the nearest unit.
col1 Quantity Produced 1,000 2,000 3,000 4,000
col2 Total Cost $16,300 $21,400 $24,100 $26,300
col3 Quantity Demanded 1,000 2,000 3,000 4,000
col4 Price in Dollars $9.05 $8.70 $8.35 $8.00
a) 22,564
b) 8,757
c) 0
d) 42,486
e) 2,665
f) None of the above.
Answers: 1
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Cost data and demand data for a company's best-selling product are given in the tables below. Find l...
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