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A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $9 the average attendance has been 24000. When the price dropped to $8, the average attendance rose to 28000.
a) Find the demand function , where is the number of the spectators
b) How should ticket prices be set to maximize revenue?
A family made an investment for 1 year that earned $7.50 simple interest. If the principal had been $25 more and the interest rate 1% less, the interest would have been the same. Find the principal and the rate.
Prepare a research paper on two independent variables
To estimate the proportion p of passengers who had purchased tickets for more than $400 over a year's time, an airline official obtained a random sample of 75. The number of those purchasing tickets for more than $400 was 45.
What are the different forms of linear equations in two variables? Show an example of each form. How does the sign or value of the slope determine its type (i.e. whether it is +ve, -ve, undefined, or zero)?
In 2001, 400 seat Boeing 747s were priced at $200 million each, 300 seat Boeing 777s were priced at $160 million, and 200 passenger Airbus A321s were priced at $60 million.
An element e of a monoid M is called an idempotent if e^2 = e. If M is finite, show that some positive power of every element is an idempotent.
determine whether the average amount of time spent watching television per week has decreased. Formulate the null and alternative hypotheses for the study described.
Determine the optimal production plan, i.e. , how many cupboards to produce each day in order to minimize the total production cost.
Probability of speeding violations, A sample of 2000 licensed drivers revealed the following number of speeding violations
Determine value of money after time 't' by compound interest method - How much money will be in the account in 10 years?
Find the solutions of the exponential equation
You can select 5 values for each of the two data sets and practically calculate the standard deviation and coefficient of variation for each data set to clarify your explanation.
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