The best estimate of the profit when 350 pounds of food are produced is $5300
How to determine the best estimate?
The quadratic regression is given as:
[tex]f(x) = -0.0817x^2 + 102.24x - 20421[/tex]
When 350 pounds are produced, it means that:
x = 350.
So, we have:
f(350) = -0.0817(350)^2 + 102.24(350) - 20421
Evaluate
f(350) = 5354.75
Approximate
f(350) = 5300
Hence, the best estimate is $5300
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