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Franklin Cinemas is considering a contract to rent a movie for $ 2 , 5 0 0 per day. The contract requires a minimum one
Franklin Cinemas is considering a contract to rent a movie for $ per day. The contract requires a minimum oneweek rental period. Estimated attendance is as follows:
Monday Tuesday Wednesday Thursday Friday Saturday Sunday
Required
Determine the average cost per person of the movie rental contract separately for each day.
Suppose that Franklin chooses to price movie tickets at cost as computed in Requirement a plus $ What price would it charge per ticket on each day of the week?
Use weekly averaging to determine a reasonable price to charge for movie tickets.
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