Jacob M.

asked • 03/08/19

Need help on this question!

Company X tried selling widgets at various prices to see how much profit they would make. The following table shows the widget selling price, x, and the total profit earned at that price, y. Write a quadratic regression equation for this set of data, rounding all coefficients to the nearest ten-thousandth. Using this equation, find the profit, to the nearest dollar, for a selling price of 24 dollars.


Price X : Profit Y :

14.75 1962

17.25 2448

22.50 2980

32.00 3107

37.75 2496

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