I. Find the equation of the regression line for the given points. Round any final values to the nearest hundredth, if necessary.
( 5.6, 8.8 ), ( 6.3, 12.4 ), ( 7, 14.8 ), ( 7.7, 18.2 ), ( 8.4, 20.8 )
Solution -
1. Separate the points to components x (dependent) and y (independent) variables -
x = c( 5.6, 6.3, 7, 7.7, 8.4)
y = c( 8.8, 12.4, 14.8, 18.2, 20.8)
2. Generate regression model for the set of points above -
reg_lm = lm(y~x)
3. List the summary of the regression model generated -
summary(reg_lm)
##
## Call:
## lm(formula = y ~ x)
##
## Residuals:
## 1 2 3 4 5
## -0.24 0.38 -0.20 0.22 -0.16
##
## Coefficients:
## Estimate Std. Error t value Pr(>|t|)
## (Intercept) -14.8000 1.0365 -14.28 0.000744 ***
## x 4.2571 0.1466 29.04 8.97e-05 ***
## ---
## Signif. codes: 0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1
##
## Residual standard error: 0.3246 on 3 degrees of freedom
## Multiple R-squared: 0.9965, Adjusted R-squared: 0.9953
## F-statistic: 843.1 on 1 and 3 DF, p-value: 8.971e-05
4. Formulate the regression line equation from the infomration (slope and y intercept) provided in the summary -
II. Find all local maxima, local minima, and saddle points for the function given below. Write your answer(s) in the form ( x, y, z ). Separate multiple points with a comma. f ( x, y ) = 24x - 6xy\(^2\) - 8y\(^3\)
Solution -
1. Start by finding the first derivative of the function with respect to x (fx) and y (fy) -
fx = 24 - 6y\(^2\)
fy = 12xy - 24y\(^2\)
2. Find the crtical points (may be a minimum, maximum or saddle point) for fx and fx -
solving for y
0 = 24 - 6y\(^2\)
y = sqrt(24/6)
y = +/- 2
solving for x where y = 2
0 = -12(2)x - 24(2)\(^2\)
0 = -24x - 96
x = 96/-24 = -4
solving for x where y = -2
0 = -12(-2)x - 24(-2)\(^2\)
0 = 24x - 96
x = 96/24 = 4
Critical points for this function are (2,-4) and (-2,4)
3. Find the possible concativitity of the crtical points by solving for the second derivative fxx and fxx as well as mixed derivative fxy -
fxx = 0 (no info provided about concativity, possible saddle point)
fyy = -12x - 48y
for critical point (2,-4)
0 = -12(2) - 48(-4) = + (upward concativity - possible minimum)
for critical point (-2-,4)
0 = -12(-2) - 48(4) = - (downward concativity - possible maximum)
fxy = -12y
for critical point (2,-4)
fxy = -12(-4) = 48
for critical point (2,4)
fxy = -12(4) = -48
4. Perform the second partial derivative test to determine the maximum (H>0), minimum (H also > 0) and saddle point (H < 0)
H = fxx * fyy - (fxy)\(^2\)
for critical point (2,-4)
0 * fyy - (48)\(^2\) = - (negative) at (2,-4) conclusion: saddle point
for critical point (-2,-4)
0 * fyy - (-48)\(^2\) = (negative) at (-2,4) conclusion: saddle point
III.A grocery store sells two brands of a product, the “house” brand and a “name” brand. The manager estimates that if she sells the “house” brand for x dollars and the “name” brand for y dollars, she will be able to sell 81 - 21x + 17y units of the “house” brand and 40 + 11x - 23y units of the “name” brand.
Solution
Step 1. Find the revenue function R (x, y).
R(x,y) = x(81-21x+17y) + y(40+11x-23y)
Step 2. What is the revenue if she sells the “house” brand for $2.30 and the “name” brand for $4.10?
Substituting amount for house brand (x) and name brand (y)
Revenue = 2.3*(81-21*(2.3)+17*(4.1)) + 4.1*(40+11*(2.3)-23*(4.1))
Revenue
## [1] 116.62
IV. A company has a plant in Los Angeles and a plant in Denver. The firm is committed to produce a total of 96 units of a product each week. The total weekly cost is given by C(x, y) = 1/6 x\(^2\) + 1/6 y\(^2\) + 7x + 25y + 700, where x is the number of units produced in Los Angeles and y is the number of units produced in Denver. How many units should be produced in each plant to minimize the total weekly cost?
Solution -
1. Set up the equations for total cost and total units produced.
x - number of units to be produced in LA
y - number of units to be produced in Denver
x + y = 96 (total products to be produced by both cities)
C(x, y) = 1/6 x\(^2\) + 1/6 y\(^2\) + 7x + 25y + 700
2. Set up the cost equation as a single variable equation so we can get the derivative of the cost function wtih respect to x
y = 96- x
C(x,y) = \(\frac{1}{6}x^2 + \frac{1}{6}y^2 +7x +25y +700\)
C(x) = \(\frac{1}{6}x^2 + \frac{1}{6}(96-x)^2 +7x +25(96-x) +700\)
C(x) = \(\frac{1}{6}x^2 + 1536-32x + \frac{1}{6}x^2 +7x +2400-25x +700\)
C(x) = \(\frac{1}{3}x^2 -50x +4636\)
\(\frac{dC}{dx} = \frac{2}{3}x -50 =0\)
x = 3/2*50 = 75 units when \(\frac{dC}{dx}\) is 0, y = 96 - (75) = 21
3. Determine if (75,21) is a minimum point by getting the second derivative of x with respect to Cost (concativity of curve) -
\(\frac{d^2C}{dx^2} = \frac{2}{3}\)
Since \(\frac{d^2C}{dx^2}\) is positive, the point (75,21) is a minimum point.
Conclusion: produce 75 units in LA and 21 in Denver to keep cost at a minimum and meet the constraint of 96 units to be produced per day
V. Evaluate the double integral on the given region
\(\int \int_R (e^{8x + 3y}) dA; R: 2 \leq x \leq 4 \ { and } \ 2 \leq y \leq 4\)