Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

DISCOUNT TICKETS (FUNCTIONS) The management at Canada's Wonderland has noted that the sale of individual one day pay-as-you-go tickets can be increased by offering

image

DISCOUNT TICKETS (FUNCTIONS) The management at Canada's Wonderland has noted that the sale of individual one day pay-as-you-go tickets can be increased by offering discount ticket prices. The table records a range of discounts and the corresponding visitors. The current price for a "Good Any Day" single admission ticket is $49.99. Cost $ Number of Additional Visitors $ 47.99 800 $ 43.99 1800 $ 37.99 3000 $ 29,49 3750 $ 24.40 5000 a) Use graphing software to create a scatter plot for this relationship. [ATTACH GRAPH] b) Find the equation of the line of best fit for this relationship. Write this relationship in function notation. Determine an appropriate domain and range for this function. c) Using graphing software, plot the inverse relation. Find the equation of the line of best fit for the inverse relation. Write this relationship in function notation. [ATTACH GRAPH] d) Using your results above, estimate the number of additional visitors to the park if the cost of a ticket was $49.99. e) Using your results above, estimate the price that Canada's Wonderland should charge per discounted ticket if it wishes to have an additional 8000 people at the park.

Step by Step Solution

3.32 Rating (140 Votes )

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance Services A Systematic Approach

Authors: William Messier Jr, Steven Glover, Douglas Prawitt

10th edition

77732502, 978-0077732509

More Books

Students also viewed these Accounting questions

Question

Is land allowed to be depreciated? Why or why not?

Answered: 1 week ago

Question

Where do you see yourself in the future?

Answered: 1 week ago

Question

1. What type of outfits are you expected to wear at work?

Answered: 1 week ago