Based on the items produced, and the profit yielded from those items, the best model to represent the data is y = -1.026x² + 1,016.402x - 162,075.
Which model shows the profit and items produced best?
You can find this out by testing the models using the items produced (independent or "x" value) to see if the model produces a close enough y value.
Assuming x is 100:
= -1.026x² + 1,016.402x - 162,075
= (-1.026 x 100²) + (1,016.402 x 100) - 162,075
= -$70,694.80
Assuming x is 400:
= -1.026x² + 1,016.402x - 162,075.
= (-1.026 x 400²) + (1,016.402 x 400) - 162,075.
= $80,325.80
These figures are very close to the actual y values given which makes this the best model.
Find out more on fitting models to data at https://brainly.com/question/11196020.
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