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Use a Graphing Calculator to Plot the Data and Find

question 212

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Use a graphing calculator to plot the data and find the quadratic function of best fit.
-A small manufacturing firm collected the following data on advertising expenditures (in thousands of dollars) and total revenue (in thousands of dollars) .  Advertising, x Total Revenue, R 256430286432316434326434346434396431406432456420\begin{array} { c | c } \text { Advertising, } x & \text { Total Revenue, R } \\\hline 25 & 6430 \\28 & 6432 \\31 & 6434 \\32 & 6434 \\34 & 6434 \\39 & 6431 \\40 & 6432 \\45 & 6420\end{array} Find the quadratic function of best fit.


Definitions:

Renegotiate

The process of revising the terms of an existing agreement or contract.

Pay Out

The process of disbursing or distributing money from a fund or account, commonly related to dividends by corporations, insurance claims, or winnings.

Insured Premium

The amount paid periodically to an insurance company for coverage, which guarantees compensation for specific potential losses.

Event Occurs

A moment or situation that takes place, typically triggering a specific reaction or process in a legal, contractual, or social context.

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