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Crown Cinema recently increased the price of a movie ticket by 5%. As a result, attendance dropped by 8%. Based on this information, what is the price elasticity of demand for movie tickets at Crown? What, if any, other factors could have accounted for some of the decline in attendance leading to an overinflated price elasticity of demand? If the cinema reduced its prices by 5% instead of raising its prices by 5%, what change in attendance would you expect? If a competing cinema reduced its prices by 10%, how would you expect this action to affect demand at Crown? How should the cinema determine an optimal ticket price?
Comparing the 2 solution can you determine whether the fist system of equations is ill-conditioned or not?? Explain why it is ill-conditioned??
Laura purchased a prepaid phone card for$20 . Long distance calls cost 7 cents a minute using this card. Laura used her card only once to make a long distance call. If the remaining credit on her card is$16.57 , how many minutes did her call last?
Suppose the growth rate of population is 0.7944 per member per day. Let the population have 2 members on day zero. Find the population size at the end of 5 days.
Find the height at which the light has to be fixed to get its use in maximum area using its perimeter function
find an equation of the line passing throughout (-3,4) and parallel to the x-axis.
When a large shipment of alternators is received at the plant, 100 are tested, if more than two are nonconforming, the shipment is returned to the alternator manufacturer. What is the probability of returning a shipment?
A recipe uses two eggs, three cups of flour & some other ingredients. The recipe makes enough batter for 6 servings. How many cups of flour will be needed to make enough batter for ten servings?
Suppose you will perform a test to determine whether there is sufficient evidence to support a claim of a linear correlation between two variables. Find the critical values of r given the number of pairs of data n and the significance level alpha.
what is the probability that the mean weight of a random sample of 35 college football players is between 207 pounds and 212 pounds.
An equilateral triangle with sides 10 m is submerged vertically in water so that the base is even with the surface. Express the hydrostatic force against one side of the plate as an integral and evaluate it.
Which one of the variables is the independent variable (x) and which one is the dependent variable (y)? Why?
Use this tree diagram and the probability determined in part (a) to calculate the probability that she should receive at least one payment exactly on time.
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