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Artist 52 [7]
4 years ago
13

The theater director recorded the number of seats occupied at past performances and the total revenue per

Mathematics
1 answer:
Norma-Jean [14]4 years ago
4 0

Answer:

  • <u>$45</u> (with the assumption made below)

Step-by-step explanation:

The equation is garbled; thus, to explain you I will assume the equation is

  • R(s) = -325 + 14s

Where:

  • R(s) is the revenue in dollars, as a function of the number of seats occupied.
  • s is the variable that represents the number of seast occupied
  • 14 is the rate of change of the revenue per seat occupied (the price of a ticket).
  • -325 is the fixed cost of the theater for a performance (the amount of money the theater will lose if none seat is occupied).

Thus, you can predict the revenue when 70 seats are occupied by substituting s with 70.

  • R(70) = -325 + 14(70)

  • R(70) = -325 + 980 = $655

The <em>residual value</em> from a prediction is equal to the real value (observed value) less the preducted value:

  • Residual = real revenue - predicted revenue
  • Residual = $700 - $655 = $45
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Let x be the number of days more

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Answer:

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