Mathematics, 13.10.2020 02:01 ghari112345
You have just opened a new nightclub, Russ' Techno Pitstop, but are unsure of how high to set the cover charge (entrance fee). One week you charged $7 per guest and averaged 345 guests per night. The next week you charged $10 per guest and averaged 300 guests per night.
(a) Find a linear demand equation showing the number of guests q per night as a function of the cover charge p. q(p) =
(b) Find the nightly revenue R as a function of the cover charge p. R(p) =
(c) The club will provide two free non-alcoholic drinks for each guest, costing the club $2 per head. In addition, the nightly overheads (rent, salaries, dancers, DJ, etc.) amount to $2,000. Find the cost C as a function of the cover charge p. C(p) =
(d) Now find the profit in terms of the cover charge p. P(p) = Determine the entrance fee you should charge for a maximum profit. p = $ per guest
Answers: 2
Mathematics, 21.06.2019 13:40, jonmorton159
Although changes result from business transactions, the equality of the fundamental bookkeeping equation must remain. t/f
Answers: 2
Mathematics, 21.06.2019 22:30, tdyson3p6xvtu
60 musicians applied for a job at a music school. 14 of the musicians play both guitar and drums, 28 play drums, 18 play the guitar. what is the probability that the applicant who gets the job plays drums or guitar?
Answers: 1
Mathematics, 21.06.2019 23:00, kj44
Each of the following data sets has a mean of x = 10. (i) 8 9 10 11 12 (ii) 7 9 10 11 13 (iii) 7 8 10 12 13 (a) without doing any computations, order the data sets according to increasing value of standard deviations. (i), (iii), (ii) (ii), (i), (iii) (iii), (i), (ii) (iii), (ii), (i) (i), (ii), (iii) (ii), (iii), (i) (b) why do you expect the difference in standard deviations between data sets (i) and (ii) to be greater than the difference in standard deviations between data sets (ii) and (iii)? hint: consider how much the data in the respective sets differ from the mean. the data change between data sets (i) and (ii) increased the squared difference îł(x - x)2 by more than data sets (ii) and (iii). the data change between data sets (ii) and (iii) increased the squared difference îł(x - x)2 by more than data sets (i) and (ii). the data change between data sets (i) and (ii) decreased the squared difference îł(x - x)2 by more than data sets (ii) and (iii). none of the above
Answers: 2
You have just opened a new nightclub, Russ' Techno Pitstop, but are unsure of how high to set the co...
Mathematics, 21.03.2020 00:03