Baird Cinemas is considering a contract to rent a movie for $2,300 per day. The contract requires a minimum one-week rental period. Estimated attendance is as follows:

Monday |Tuesday |Wednesday |Thursday |Friday |Saturday |Sunday

420 | 300 | 170 | 550 | 1,010 | 1,010 | 520

a. Determine the average cost per person of the movie rental contract separately for each day.

b. Suppose that Baird chooses to price movie tickets at cost as computed in Requirement a plus $2.40. What price would it charge per ticket on each day of the week?

c.Use weekly averaging to determine a reasonable price to charge for movie tickets.