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I just need questions 3 and 4 The manager of Shooters, a small billiards hall, has been recording various data over the past year in
I just need questions 3 and 4
The manager of Shooters, a small billiards hall, has been recording various data over the past year in an effort to improve his business. There is not much competition in the local area, so he has had some flexibility with the prices that he charges. His objective over the past year was to determine if there was a connection between the price he charges, the amount of customers that visit the hall each week, and his weekly profit. Please be sure to answer each question in a texbox using complete sentences, with proper mathematical notation and units. \begin{tabular}{r|l|r|r} Veek & Price, p & People, d \\ \hline 1 & $8.50 & 72 \\ \hline 2 & $ & 6.50 & 106 \\ \hline 3 & $8.25 & 86 \\ \hline 4 & $ & 6.00 & 121 \\ \hline 5 & $ & 6.50 & 100 \\ \hline 6 & $ & 9.50 & 76 \\ \hline 7 & $ & 9.50 & 75 \\ \hline 8 & $ & 6.50 & 100 \\ \hline \end{tabular} 1) The data below represents the managers record over the past year. For each week during the year, he recorded the price it would cost to play pool for 1 hour and the average number of hourly patrons during that week. Use this data to create a graph and determine the weekly demand d as an exponential function of the hourly price p and state that function. 2) Based on day-to-day operations, the manager has determined that he would like to predict the number of customers he can serve according to the relationship s=20p0.65 where p is the hourly supply price. What price andStep by Step Solution
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