Solve the Problem $C$ , in Dollars, of Operating the Store Is Approximately Given

question 45

Multiple Choice

Solve the problem.
-The owner of a video store has determined that the cost $C$ , in dollars, of operating the store is approximately given by $C ( x ) = 2 x ^ { 2 } - 32 x + 730$ , where $x$ is the number of videos rented daily. Find the lowest cost to the nearest dollar.

• A) \(\$ 602\)
• B) \(\$ 218\)
• C) \(\$ 474\)
• D) \(\$ 858\)

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Definitions:

Stepwise Regression

A statistical method of building a model by adding or removing predictors based on their statistical significance.

Independent Variable

A variable in an experiment that is manipulated or changed by the researcher to observe its effects on the dependent variable.

Simple Regression

An analytical approach that employs a linear equation to depict how a dependent variable is influenced by one independent variable.

Stepwise Regression

A method of regression analysis in which the selection of predictive variables is carried out by an automatic procedure, adding or removing predictors based on specific criteria.