DISCOUNT TICKETS (FUNCTIONS) The management at Canada's Wonderland has noted that the sale of individual one...
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DISCOUNT TICKETS (FUNCTIONS) The management at Canada's Wonderland has noted that the sale of individual one day pay-as-you-go tickets can be increased by offering discount ticket prices. The table records a range of discounts and the corresponding visitors. The current price for a "Good Any Day" single admission ticket is $49.99. Cost $ Number of Additional Visitors $ 47.99 800 $ 43.99 1800 $ 37.99 3000 $ 29,49 3750 $ 24.40 5000 a) Use graphing software to create a scatter plot for this relationship. [ATTACH GRAPH] b) Find the equation of the line of best fit for this relationship. Write this relationship in function notation. Determine an appropriate domain and range for this function. c) Using graphing software, plot the inverse relation. Find the equation of the line of best fit for the inverse relation. Write this relationship in function notation. [ATTACH GRAPH] d) Using your results above, estimate the number of additional visitors to the park if the cost of a ticket was $49.99. e) Using your results above, estimate the price that Canada's Wonderland should charge per discounted ticket if it wishes to have an additional 8000 people at the park. DISCOUNT TICKETS (FUNCTIONS) The management at Canada's Wonderland has noted that the sale of individual one day pay-as-you-go tickets can be increased by offering discount ticket prices. The table records a range of discounts and the corresponding visitors. The current price for a "Good Any Day" single admission ticket is $49.99. Cost $ Number of Additional Visitors $ 47.99 800 $ 43.99 1800 $ 37.99 3000 $ 29,49 3750 $ 24.40 5000 a) Use graphing software to create a scatter plot for this relationship. [ATTACH GRAPH] b) Find the equation of the line of best fit for this relationship. Write this relationship in function notation. Determine an appropriate domain and range for this function. c) Using graphing software, plot the inverse relation. Find the equation of the line of best fit for the inverse relation. Write this relationship in function notation. [ATTACH GRAPH] d) Using your results above, estimate the number of additional visitors to the park if the cost of a ticket was $49.99. e) Using your results above, estimate the price that Canada's Wonderland should charge per discounted ticket if it wishes to have an additional 8000 people at the park.
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Auditing and Assurance Services A Systematic Approach
ISBN: 978-0077732509
10th edition
Authors: William Messier Jr, Steven Glover, Douglas Prawitt
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