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dainel40
 one year ago
A baseball team plays in a stadium that holds 51,000 spectators. With ticket prices at $10, the average attendance had been 38,000. When ticket prices were lowered to $8, the average attendance rose to 42,000. Find the demand function (price p as a function of attendance x), assuming it to be linear??
dainel40
 one year ago
A baseball team plays in a stadium that holds 51,000 spectators. With ticket prices at $10, the average attendance had been 38,000. When ticket prices were lowered to $8, the average attendance rose to 42,000. Find the demand function (price p as a function of attendance x), assuming it to be linear??

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dainel40
 one year ago
Best ResponseYou've already chosen the best response.0I just need to find the equation. i keep getting this and its wrong : p = 1000 x+ 59,000

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1With ticket prices at $10, the average attendance had been 38,000 means x = 38000 p = 10 giving you one point (38000, 10)

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1When ticket prices were lowered to $8, the average attendance rose to 42,000 means x = 42000 p = 8 so another point is (42000, 8)

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1now find the slope of the line through those two points

dainel40
 one year ago
Best ResponseYou've already chosen the best response.0yes and i get p = 1000 x+ 59,000

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1the slope is way to big

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1m = (y2y1)/(x2x1) m = ( 8 10)/(4200038000) m = 2/4000 m = 1/2000 So the slope of the line that passes through the two points is 1/2000

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1y = mx + b y = (1/2000)x + b 38000 = (1/2000)(10) + b solve for b

dainel40
 one year ago
Best ResponseYou've already chosen the best response.0im getting b=7600001/200 n i believe thats way too big

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.138000 = (1/2000)(10) + b 38000 = 1/200 + b 38000 + 1/200 = b 7600000/200 + 1/200 = b 7600001/200 = b b = 7600001/200 b = 38000.005

dainel40
 one year ago
Best ResponseYou've already chosen the best response.0so y=(1/2000)x +760001/200?

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1try using decimal form instead of fraction form

dainel40
 one year ago
Best ResponseYou've already chosen the best response.0(a) Find the demand function (price p as a function of attendance x), assuming it to be linear.

dainel40
 one year ago
Best ResponseYou've already chosen the best response.0thats the actual question

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1maybe you entered the fraction in wrong, try it in decimal form

dainel40
 one year ago
Best ResponseYou've already chosen the best response.0yea it doesn't let me put in decimals

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1ok post a screenshot of what you're inputting

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1the numbers are different from what you gave me

dainel40
 one year ago
Best ResponseYou've already chosen the best response.0yea I just noticed wow.. im sorry

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1it's fine, use the same idea just with these correct values
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