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A study was done over a five-year period to determine if the average t number of ticket sales. The data is summarized below. Find the equati Average Ticket Number of Sales Price (in billions) (in dollars) $2.75 1.4 $3.25 1.2 $3.50 1.8 $4.75 1.7 $6.25 1.9 $6.75 2.0

A study was done over a five-year period to determine if the average t number of ticket sales. The data is summarized below. Find the equati Average Ticket Number of Sales Price (in billions) (in dollars) $2.75 1.4 $3.25 1.2 $3.50 1.8 $4.75 1.7 $6.25 1.9 $6.75 2.0

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter4: Linear Functions
Section: Chapter Questions
Problem 41RE: For the following exercises, consider the data in Table 5, which shows the percent of unemployed in...
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A study was done over a five-year period to determine if the average ticket price of a movie had any effect on the number of ticket sales. The data is summarized below. Find the equation for the line of best fit for the data. Average Ticket Number of Sales Price (in billions) (in dollars) $2.75 1.4 $3.25 1.2 $3.50 1.8 $4.75 1.7 $6.25 1.9 $6.75 2.0 y = 0.15x + 0.98 y= D.15X-0.98 O y = 0.2x + 0.83 O y = 0.2x – 0.83
Transcribed Image Text:A study was done over a five-year period to determine if the average ticket price of a movie had any effect on the number of ticket sales. The data is summarized below. Find the equation for the line of best fit for the data. Average Ticket Number of Sales Price (in billions) (in dollars) $2.75 1.4 $3.25 1.2 $3.50 1.8 $4.75 1.7 $6.25 1.9 $6.75 2.0 y = 0.15x + 0.98 y= D.15X-0.98 O y = 0.2x + 0.83 O y = 0.2x – 0.83
Using the same data from the previous question, use the equation for the line of best fit to predict the number of sales if the price is increased to $7.50. Data from previous question: A study was done over a five-year period to determine if the average ticket price of a movie had any effect on the number of ticket sales. The data is summarized below. Find the equation for the line of best fit for the data. Average Ticket Number of Sales Price (in billions) (in dollars) $2.75 1.4 $3.25 1.2 $3.50 1.8 $4.75 1.7 $6.25 1.9 $6.75 2.0 O 1.9 billion 02.3 billion o 2.08 billion o 2.1 billion
Transcribed Image Text:Using the same data from the previous question, use the equation for the line of best fit to predict the number of sales if the price is increased to $7.50. Data from previous question: A study was done over a five-year period to determine if the average ticket price of a movie had any effect on the number of ticket sales. The data is summarized below. Find the equation for the line of best fit for the data. Average Ticket Number of Sales Price (in billions) (in dollars) $2.75 1.4 $3.25 1.2 $3.50 1.8 $4.75 1.7 $6.25 1.9 $6.75 2.0 O 1.9 billion 02.3 billion o 2.08 billion o 2.1 billion
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