Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Investigate the relationship between number of transactions (input) and gross receipts (output) by graphing the ordered pairs. In mathematics, these sets of ordered pairs which

Investigate the relationship between number of transactions (input) and gross receipts (output) by graphing the ordered pairs.

In mathematics, these sets of ordered pairs which you have been graphing are known as functions. The output is said to be a function of the input. For the sake of clarity, each input can be related to one and only one output. Functions may be defined by tables or graphs, as seen in this scenario, or by equations or word models, as seen in future problems. Although most functions in this course involve a cause and effect relationship, functions in mathematics refer more generally to any input/output pairing of data, where each input is paired with one and only one output.

1,. Based on your data, predict the number of transactions if the temperature reaches 98 . Explain how you made this prediction and how accurate you think it is.

2,. Based on your data, predict the gross receipts if the temperature is 80. Explain how you made this prediction and how accurate you think it is.

3,. Based on your data, predict the number of transactions if the temperature falls to 65 . Explain how you made this prediction and how accurate you think it is.

4,. As the number of transactions increases, what can you say about the gross receipts? Explain how you arrived at your conclusion.

5,. Functions are mathematical models for defining relationships between variables. In our own words, describe the functions in this scenario.

image text in transcribed

Step by Step Solution

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

Step: 3

blur-text-image

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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, G. Richard Chesley, Ray Carroll

6th Canadian Edition

0070915164, 9780070915169

More Books

Students also viewed these Accounting questions

Question

=+What kind of design would this be? Diagram the experiment.

Answered: 1 week ago

Question

2. Find five metaphors for communication.

Answered: 1 week ago