Last year 300 people attended a play with ticket price of $8. The school estimates that 20 fewer people attend for each $1 increase in price. What ticket price would give the greatest income?

Answers

Answer 1

Answer:

$12

Step-by-step explanation:

If we stuck with the price of $8, then we end with an income of $2400

Increasing it by $1 will decrease attendance by 20

8 x 300 = 2400

9 x 280 = 2520

10 x 260 = 2600

11 x 240 = 2640

12 x 220 = 2640

13 x 200 = 2600

We're starting to go down, so let's stop there

The ticket price of $11 or $12 appears to give the most income

I would stick with $12 since your still getting more money from one ticket

Answer 2

The price of a ticket stick at $12 since you still get more money from one ticket.

What ticket price would give the greatest income?

Last year 300 people attended a play with a ticket price of $8.

The school estimates that 20 fewer people attend for each $1 increase in price.

If we keep the price at $8, we'll end up with a $2400 profit.

Increasing it by $1 will result in a 20 percent drop in attendance.

8 × 300 = 2400

9 × 280 = 2520

10 × 260 = 2600

11 × 240 = 2640

12 × 220 = 2640

13 x 200 = 2600

Let's come to a halt here since we're starting to descend.

The $11 or $12 ticket price looks to generate the most revenue.

I'd continue with $12 because you'll still make more money with one ticket.

More about the greatest income link is given below.

https://brainly.com/question/9453332

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Related Questions

What is the least common denominator for the fractions 1/3and2/9?

Answers

Answer:

LCD= 9

Step-by-step explanation:

1/3 = 3/9  

2/9 = 2/9

3. A random sample of 100 people was taken. There were sixty people who favored Brand A. We are interested in determining whether or not the proportion of the population in favor of Brand A is significantly more than 55%. At a 0.05 level of significance, it can be concluded that the portion of the population in favor of Brand A is ____. a. Significantly greater than 60% b. Not significantly greater than 55% c. Not significantly greater than 60% d. Significantly greater than 55% e. None of the above

Answers

Testing the hypothesis, it is found that the correct option is:

b. Not significantly greater than 55%.

At the null hypothesis, we test if the proportion is not significantly more than 55%, that is:

[tex]H_0: p \leq 0.55[/tex]

At the alternative hypothesis, we test if the proportion is significantly more than 55%, that is:

[tex]H_1: p < 0.55[/tex]

The test statistic is given by:

[tex]z = \frac{\overline{p} - p}{\sqrt{\frac{p(1-p)}{n}}}[/tex]

In which:

[tex]\overline{p}[/tex] is the sample proportion. p is the proportion tested at the null hypothesis. n is the sample size.

For this problem, the parameters are:

[tex]p = 0.55, n = 100, \overline{p} = \frac{60}{100} = 0.6[/tex]

Hence, the value of the test statistic is:

[tex]z = \frac{\overline{p} - p}{\sqrt{\frac{p(1-p)}{n}}}[/tex]

[tex]z = \frac{0.6 - 0.55}{\sqrt{\frac{0.55(0.45)}{100}}}[/tex]

[tex]z = 1.01[/tex]

The p-value of the test is the probability of finding a sample proportion above 0.6, which is 1 subtracted by the p-value of z = 1.01.

Looking at the z-table, z = 1.01 has a p-value of 0.8438.

1 - 0.8438 = 0.1562.

The p-value of the test is 0.1562 > 0.05, which means that the proportion is not significantly greater than 55%, and option b is correct.

A similar problem is given at https://brainly.com/question/24330815

There are 18 students in sir Sam 4th PE class. Each student will be given 2 1/2 minutes to explain how to solve his word problem with fractions. How long it will take for all 18 students to explain their answers? (Show solutions)

Answers

Answer:

44

Step-by-step explanation:

18 * 2.5 = 44

PLEASE HELP ITS MATH THANK YOUUUU

Answers

Answer:

it is 9 centimeters

Step-by-step explanation:

it is a 1:1 ratio

there are 100000 cm in a kilometer
so 9 kilometers would be 900000 centimeters

There are three sizes of pizza, three of crust, and ten toppings. If you Order one size, one type of crust, and one topping, how many pizza choices are there?

Answers

3 Sizes
3 crusts
10 top
3x3=9
9x10=90
90 different pizza choices

which is an appropriate estimate for the following 62,372/29?

Answers

Answer:

=62372/29

=2150.758621 ans.

mark me brainlist plz.

Answer:

Step-by-step explanation:

62,372/29 = about 2150

please help me with this sum​

Answers

its upsidedown what are you doing

Two cars leave towns 750 kilometers apart at the same time and travel toward each other. One car's rate is 12 kilometers per hour less than the other's. If they
meet in 5 hours, what is the rate of the slower car?
Do not do any rounding.

Answers

Answer:

57 kph

Step-by-step explanation:

5x + 5(x-12) = 750

10x = 690

x = 69

Slooow car = 57 kph

150 miles on 4 gallons of gas. How many miles for 1 gallon of gas?

Answers

Answer: answered

A motorcycle can go 50 miles using one gallon of gas. About how many gallons of gas will be used to go 150 kilometers? (Hint: 1 mile is approximately 1.6 kilometers)

Step-by-step explanation:

Answer:37.5

Step-by-step explanation:

Four balls of wool will make 8 knitted caps. How many balls of wool Malcome needs if he wants to make 6 caps?

Answers

Answer:

3 balls of wool

Step-by-step explanation:

8/4=2

6/2=3

I need help with this

Answers

Answer:

Your answer is C. x=6 I hope this helps you! :D

If you need i can also provide steps.

Answer:

C. x=6

Step-by-step explanation:

You can work it out as follows:

6 - 0.2x = 2(6 - 0.6x) =>

6 - 0.2x = 12 - 1.2x =>

-0.2x + 1.2x = 12 - 6 =>

1.0x = 6 =>

x = 6

Use logarithms to solve the equation for t. (Round your answer to two decimal places.)
2000/(1 + 6e−0.7t) = 1000

Answers

9514 1404 393

Answer:

  2.56

Step-by-step explanation:

Multiply by (1+6e^(-.7t))/1000:

  2000/1000 = 1 +6e^(-0.07t)

  1 = 6e^(-0.07t) . . . . . . . . . subtract 1

  e^(0.07t) = 6 . . . . . . . . . . multiply by e^(0.07t)

  0.07t = ln(6) . . . . . . . . . take the natural log

  t = ln(6)/0.07 . . . . . . . divide by the coefficient of t

  t ≈ 2.55966 ≈ 2.56

3
Abox of cereal states that there are 84 calories in a
4
-cup serving. What is the unit rate for calories
per cup? How many calories are there in 4 cups of the cereal?

Answers

Answer:

21 calories per cup

Step-by-step explanation:

4cups↔84calories

1cup  ↔less

1/4x84=21calories

For a standard normal distribution, find:

P(z < 2.51) =

Answers

Answer:

P(z < 2.51) ≈ 0.994

Step-by-step explanation:

P(z < 2.51) = normalcdf(-1e99,2.51,0,1) = 0.9939634253 ≈ 0.994

Find the area of a circle with a diameter of 18 inches. Use 3.14 for pi.

Answers

Answer:

254.34

Step-by-step explanation:

A=pi*r^2

A=3.14*9^2

A=3.14*81

A=254.34

Serina and 2 friends go out for dinner. Their bill is $92.18. How much more would
they pay if they left a tip of 20% instead of a tip of 15%?
$9.22
$4.61
$6.91
$2.76

Answers

Answer:

$4.61

Step-by-step explanation:

To calculate a tip of 20%, you would perform the following:

$92.18 * 0.20 = $18.436

Similarly, for a tip of 15%:

$92.18 * 0.15 = $13.827

The difference would just be subtracting the two tip amounts from each other!

$18.436 - $13.827 = $4.609

Then you round to the nearest cent.

$4.609 ≈ $4.61

What is the equation of the line that has a slope of 3 and a​ y-intercept of​ 2?

Answers

The equation of a line is written as t = ax + b where a is the slope and b is the y-intercept.

Using the slope and y intercept given the equation is:

Y = 3x + 2

a. Find the probability that when a single six-sided die is rolled, the outcome is 1.
b. Find the probability that when a coin is tossed, the result is tails.
c. Find the probability that when a six-sided die is rolled, the outcome is 13.
a. The probability of rolling a 1 on a six-sided die is

Answers

The probability that when a coin is tossed, the result is tails = 1/2

The probability that when a single six-sided die is rolled, the outcome is 1 = 1/6

The probability that when a six-sided die is rolled, the outcome is 13 = 0

What is probability?

Probability is simply how likely something is to happen.

A).

The probability that when a single six-sided die is rolled, the outcome is 1.

When a dice is thrown, sample space = {1, 2, 3, 4, 5, 6}

All six digits are equally likely to occur.

P (occurring 1) = 1/6

B).

The probability that when a six-sided die is rolled, the outcome is 13.

When a dice is thrown, sample space = {1, 2, 3, 4, 5, 6}

13 does not occur in the sample space.

P (occurring 13) = 0

C).

The probability that when a coin is tossed, the result is tails.

When a coin is thrown, sample space = {H, T}

Both head and tail are equally likely to occur.

P (tail) = 1/2

Learn more about probability here

https://brainly.com/question/11234923

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step by step explanation, please

Answers

Answer:

[tex]a=\displaystyle \frac{k}{w+v}[/tex]

Step-by-step explanation:

Hi there!

[tex]\displaystyle \frac{k}{a} =w+v[/tex]

Multiply both sides by a:

[tex]a*\displaystyle \frac{k}{a} =a(w+v)\\\\k=a(w+v)[/tex]

Divide both sides by (w+v):

[tex]\displaystyle \frac{k}{(w+v)} =\displaystyle \frac{a(w+v)}{(w+v)}\\\\\displaystyle \frac{k}{w+v} =a[/tex]

I hope this helps!

Solve for x: 34= -2

x= ????

Answers

Answer:

You haven't typed the equation correctly

x=-17

Step-by-step explanation:

Please help out with this question

Answers

Step-by-step explanation:

5⁴+5³-6(5)²-5(5)-15

= 560

What is the in minute taken to cover 8.1km at an average speed of 5m/s

Answers

9514 1404 393

Answer:

  27 minutes

Step-by-step explanation:

The relevant relations are ...

  1 min = 60 s

  1 km = 1000 m

  time = distance/speed

__

  time = (8.1 km)×(1000 m)/(1 km)/(5 m/s)×(1 min/(60 s))

  = (8.1×1000)/(5×60) min = 27 min

It takes 27 minutes to cover 8.1 km at a speed of 5 m/s.

3+(-5)+9-12÷2

lol easy

Answers

The answer is 1 Do you want me to explain or nah

How u do this djiejejeoeowoekrkk

Answers

its 7350, do long division lol

hi, can you help me here pls?






...


...​

Answers

1. Money
2. Weight
3. Length
Time
Height
Distance
Weight
Money

Consider the following functions. f1(x) = x, f2(x) = x2, f3(x) = 2x − 4x2 g(x) = c1f1(x) + c2f2(x) + c3f3(x) Solve for c1, c2, and c3 so that g(x) = 0 on the interval (−[infinity], [infinity]). If a nontrivial solution exists, state it. (If only the trivial solution exists, enter the trivial solution {0, 0, 0}.) {c1, c2, c3} = $$ Correct: Your answer is correct. Determine whether f1, f2, f3 are linearly independent on the interval (−[infinity], [infinity]).

Answers

9514 1404 393

Answer:

(c1, c2, c3) = (-2t, 4t, t) . . . . for any value of tNOT linearly independent

Step-by-step explanation:

We want ...

  c1·f1(x) +c2·f2(x) +c3·f3(x) = g(x) ≡ 0

Substituting for the fn function values, we have ...

  c1·x +c2·x² +c3·(2x -4x²) ≡ 0

This resolves to two equations:

  x(c1 +2c3) = 0

  x²(c2 -4c3) = 0

These have an infinite set of solutions:

  c1 = -2c3

  c2 = 4c3

Then for any parameter t, including the "trivial" t=0, ...

  (c1, c2, c3) = (-2t, 4t, t)

__

f1, f2, f3 are NOT linearly independent. (If they were, there would be only one solution making g(x) ≡ 0.)

rick haskins is payed $18 an hour as a pastry chef for a regular 35-hour week his over time rate is 1.5 times his regular hourly rate this week he worked his regular 35 hours plus 8 hours of overtime what is ricks total pay

Answers

Haskins played 59$ to the valve

what is 240.50 x 19.54

Answers

Answer:

240.50 x 19.54= 4699.37

Show how to use a power of 10 to write 42.66 / 2.97 as an equivalent expression with a whole number divisor

PLEASE HELP DUE TONIGHT!!
WILL MARK BRAINLIEST!!

Answers

Expressing the given equation as a power of 10 with the divisor expressed as an whole number can be written as [tex] \frac{42.66 \times 10^{2}}{297}[/tex]

Given the expression :

42.66/2.97

Expressing the numbers as a power of 10 :

Dividend = 42.66 Divisor = 2.97

To convert the divisor to a whole number :

Multiply both by 100

Dividend = 42.66 × 100Divisor = 2.97 × 100 = 297

Expressing dividend as a power of 10 :

Dividend = 42.66 × 100 = 42.66 × 10²

Hence, the equivalent equation would be : [tex] \frac{42.66 \times 10^{2}}{297}[/tex]

Learn more : https://brainly.com/question/18796573

what is 5/8x+4=3/8x+12

Answers

Answer:

x = 32

(The answer should be 32 if we are solving for x)

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