When the admission price for a baseball game was $4 per ticket, 70,000 tickets were sold. When the price was raised to $5, only 63,000 tickets were sold. Assume that the demand function is linear and that the variable and fixed costs for the ball park owners are so.10 and $85,000 respectively. (a) Find the profit Pas a function of x, the number of tickets sold. P(x) = (b) Select the graph of P. 200 000 200000 200000 200 000 100 000 100 000 100 000 100000 20000 40 000 60 000 80000/ 20 000 40 000 60 000 80000 20000 40 000 60 000 80 000 20000 40 000 60 000 80000 -100 000 - 100 000 -100 000 -100000 -200 000 -200 000 - 200000 -200 000 (c) Find the marginal profits when 35,000 tickets were sold and when 70,000 tickets were sold. P(35,000) = per ticket per ticket P(70,000) -
When the admission price for a baseball game was $4 per ticket, 70,000 tickets were sold. When the price was raised to $5, only 63,000 tickets were sold. Assume that the demand function is linear and that the variable and fixed costs for the ball park owners are so.10 and $85,000 respectively. (a) Find the profit Pas a function of x, the number of tickets sold. P(x) = (b) Select the graph of P. 200 000 200000 200000 200 000 100 000 100 000 100 000 100000 20000 40 000 60 000 80000/ 20 000 40 000 60 000 80000 20000 40 000 60 000 80 000 20000 40 000 60 000 80000 -100 000 - 100 000 -100 000 -100000 -200 000 -200 000 - 200000 -200 000 (c) Find the marginal profits when 35,000 tickets were sold and when 70,000 tickets were sold. P(35,000) = per ticket per ticket P(70,000) -
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CT: Test
Problem 19CT
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Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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