Tickets for the school play sell for S4 each. Which graph shows the relationship between the number of tickets sold
1 answer:
Answer:
Step-by-step explanation:
Tickets for the school play sell for $4 each.
Number of tickers sold = x
Total income from the tickets = y
This means when x = 1, y = 4
SO when we sell 1 ticket (x = 1), we make $4 income (y = 4).
If we sell 2 tickets (x = 2), we will make $8 income (y = 8)
If we sell 3 tickets ( x = 3) , we will make $12 income (y = 12)
If we sell 4 tickets ( x = 4), we will make $16 income ( y = 16) etc.
Also note that when we sell 0 tickets (x = 0), we make no income (y = 0).
So if you create a graph, it should look something like this:
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Answer:
The correct estimate of the amount generated to the local economy is $3,333,333.
Step-by-step explanation:
The amount the expected to be generated for the local economy = $3.3 million
The amount of salaries that will generate $3.3 million = $1 million
The percentage of the amount of the salaries and the subsequent earnings expected to be spent on the local community = 70%
Therefore, we have;
For a first amount of 1 million into the economy, the next amount to into the economy is 70/100 × 1 million = 700,000, then we have 70/100 × 700,000 and so on, which is a geometric sequence, with first term, a = $1 million, the common ratio, r = 70/100 = 0.7, the number of terms = Infinity = ∞
The sum of a geometric sequence to infinity is given as follows;
Substituting the known values gives;
Therefore, the correct estimate of the amount generated to the local economy by the $1 million salaries that will be paid = $3,333,333..