A soccer stadium holds 62,000 people. When the ticket price is $11 per ticket, the average attendace is 26,000 people. When the ticket price dropped to $9, the average attendance was 31,000 people. If we assume ticket price and average attendance are linearly related, calculate the ticket price that will maximun revenue. Hint: revenue = ( ticket price )( average attendance ).
A soccer stadium holds 62,000 people. When the ticket price is $11 per ticket, the average attendace is 26,000 people. When the ticket price dropped to $9, the average attendance was 31,000 people. If we assume ticket price and average attendance are linearly related, calculate the ticket price that will maximun revenue. Hint: revenue = ( ticket price )( average attendance ).
ChapterP: Prerequisites
SectionP.6: The Rectangular Coordinate System And Graphs
Problem 37E: An airplane flies from Naples, Italy, in a straight line to Rome, Italy, which is 120 kilometers...
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A soccer stadium holds 62,000 people.
When the ticket price is $11 per ticket, the average
attendace is 26,000 people. When the ticket price dropped to $9, the average attendance was 31,000
people. If we assume ticket price and average attendance are linearly related, calculate the ticket
price that will maximun revenue. Hint: revenue = ( ticket price )( average attendance ).
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