Question: A theater manager collected data about ticket prices and attendance for an upcoming opening night. The results were used to calculate the model = -3.72x
A theater manager collected data about ticket prices and attendance for an upcoming opening night. The results were used to calculate the model = -3.72x + 540.65, where x represents the selling price in dollars and represents the predicted number of tickets sold. Interpret the slope of the model in the context of the problem. Approximately 541 tickets sell for between 3 and 4 dollars each. For every increase of one dollar, there is predicted to be a decline in ticket sales of between 3 and 4 tickets. Approximately 4 tickets sell for between 540 and 541 dollars each. For every increase of one dollar, there is predicted to be an increase in ticket sales of more than 540 tickets
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