1. 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 )
df <- data.frame(rbind(c( 5.6, 8.8 ), c( 6.3, 12.4 ), c( 7, 14.8 ), c( 7.7, 18.2 ), c( 8.4, 20.8 )))
lm_model <- lm(df$X2 ~ df$X1, df)
plot(df$X2 ~ df$X1, data=df)
abline(lm_model)

summary(lm_model)
##
## Call:
## lm(formula = df$X2 ~ df$X1, data = df)
##
## 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 ***
## df$X1 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
From the intercepts given in the summary, we can write the equation:
\(y = -14.8 + 4.2571 * x\)
3. 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.
Step 1. Find the revenue function R(x,y).
\(R(x,y) = x(81 - 21x + 17y) + y(40 + 11x - 23y)\)
\(R(x,y) = 81x - 21x^2 + 17xy + 40y + 11xy - 23y^2\)
\(R(x,y) = -21x^2 - 23y^2 + 28xy + 81x + 40y\)
Step 2. What is the revenue if she sells the “house” brand for $2.30 and the “name” brand for $4.10?
In this case, \(x=2.3\), and \(y=4.1\)
Substituting the values of x and y in the above function:
Revenue for this case = \(-21 (2.3)^2 - 23(4.1)^2 + 28(2.3)(4.1) + 81(2.3) + 40(4.1)\)
\(= -111.09 + 386.63 + 264.04 + 186.3 + 164\)
\(= 116.62\)
4. 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?
\(x + y = 96\)
\(y = 96 - x\)
Replacing y in the function C(x,y)
\(C(x,96-x) = (1/6) x^2 + (1/6) (96-x)^2 + 7x + 25(96-x) + 700\)
\(C(x,96-x) = (1/6) x^2 + (1/6) (9216 + x^2 -192x) + 7x - 25x + 2400 + 700\)
\(C(x,96-x) = (1/3) x^2 + 1536 - 32x - 18x + 3100\)
\(C(x,96-x) = (1/3) x^2 -50x + 4636\)
The above is the cost function. For C to be minimum, \(C^{'} = 0\)
\(C^{'} = (2/3) x - 50 = 0\)
\(x = 75\)
Substituting x in the equation : x + y = 96, \(y = 21\)
Hence 75 units produced in Los Angeles and 21 in Denver - to have the minimum cost
5. Evaluate the double integral on the given region.
\(\int \int_R (e^{8x+3y})\) dA \(; R:2 \le x \le 4\) and \(2 \le y \le 4\)