n 2011, major league baseball singed a labor agreement with the players in which any team whose payroll exceeded $189 million in 2015 had to pay a competitive balance tax of 50% .  The linear function T ( p ) = 0.50 ( p − 189 )describes the tax T for a team whose  payroll was p (in millions of dollars). What is the implied domain of this function?  Give a verbal interpretation of the meaning of the value of the slope. What is the competitive balance tax for the New York Yankees whose payroll was $214.2 million?  What was the payroll of a team that paid a competitive balance tax of $15.7 million?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter4: Linear Functions
Section4.2: Modeling With Linear Functions
Problem 25SE: For the following exercises, consider this scenario: The number of people afflicted with the common...
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n 2011, major league baseball singed a labor agreement with the players in which any team whose payroll exceeded $189 million in 2015 had to pay a competitive balance tax of 50% .  The linear function T ( p ) = 0.50 ( p − 189 )describes the tax T for a team whose  payroll was p (in millions of dollars).

  1. What is the implied domain of this function?  Give a verbal interpretation of the meaning of the value of the slope.

  2. What is the competitive balance tax for the New York Yankees whose payroll was $214.2 million?  What was the payroll of a team that paid a competitive balance tax of $15.7 million?
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