Question
Question 18
At
per person, an airline anticipates selling 250 tickets for a particular flight. At
per person,
the airline anticipates selling 100 tickets for the same flight.
Assume a linear relation between the cost per ticket
and the number of tickets,
sold. Which of the
following equations can be used to model the given information?
OC=-1
OC=-1
OC=-
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At
the airline anticipates selling 100 tickets for the same flight.
Assume a linear relation between the cost per ticket
following equations can be used to model the given information?
OC=-1
OC=-1
OC=-
Question Help: Video D Post to forum
Submit Question
Ask by Bond Nunez. in the United States
Mar 25,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The correct equation to model the given information is:
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Mind Expander
To model the relationship between ticket price and quantity sold, we first identify two points from the given data: (250, 350) for the first price point and (100, 450) for the second. The slope
of the line connecting these points can be calculated as
. Using point-slope form, we can derive the equation of the line best representing this data.
To keep it fun, let’s think of the scenario like a supply and demand party! As ticket prices go up, fewer friends (passengers) RSVP to the flight. Those calculations help the airline know exactly how to plan their seating chart and maximize their ticket sales without leaving too many empty seats on the runway.
Now, once you’ve delved into this delightful world of numbers, you might want to explore how pricing strategies work in various industries—especially if you’re considering starting a business someday! Understanding how people react to price changes can provide you a roadmap to crafting the perfect pricing model for your own ‘party’. Happy calculating!