Stores commonly offer a cheaper unit price for large quantity purchases. Quantity Unit Price 100.00 80.00 70.00 50.00 40.00 1 2 5 10 20 a. Use regression to find a logarithmic equation to model the data. Round the numbers in your equation to 2 decimal places. y = a + bln(x) with a = b = b. Use your equation to find an appropriate quantity for a customer who wishes to get a $35 unit price, accurate to the nearest whole number. c. Use your equation to find an appropriate quantity for a customer who wishes to get a $60 unit price, accurate to the nearest whole number.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.8: Analyzing Functions With Successive Differences
Problem 36PFA
icon
Related questions
Question
Stores commonly offer a cheaper unit price for large quantity purchases.
Quantity Unit Price
100.00
80.00
70.00
50.00
40.00
1
2
5
10
20
a. Use regression to find a logarithmic equation to model the data. Round the numbers in your equation to 2
decimal places.
y = a + bln(x) with
a=
b =
b. Use your equation to find an appropriate quantity for a customer who wishes to get a $35 unit price, accurate
to the nearest whole number.
c. Use your equation to find an appropriate quantity for a customer who wishes to get a $60 unit price, accurate
to the nearest whole number.
Transcribed Image Text:Stores commonly offer a cheaper unit price for large quantity purchases. Quantity Unit Price 100.00 80.00 70.00 50.00 40.00 1 2 5 10 20 a. Use regression to find a logarithmic equation to model the data. Round the numbers in your equation to 2 decimal places. y = a + bln(x) with a= b = b. Use your equation to find an appropriate quantity for a customer who wishes to get a $35 unit price, accurate to the nearest whole number. c. Use your equation to find an appropriate quantity for a customer who wishes to get a $60 unit price, accurate to the nearest whole number.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell