The standard form equation for a straight line is y=mx+b where m is the slope and b is the y intercept. Substitute your given information:
y= -3/7x+2 is the equation
Answer:
Step-by-step explanation:
First, note this parameters from the question.
We let x = number of $5 increases and number of 10 decreases in plates sold.
Our Revenue equation is:
R(x) = (300-10x)(10+5x)
We expand the above equation into a quadratic equation by multiplying each bracket:
R(x) = 3000 + 1500x - 3000x - 1500x^2
R(x) = -1500x^2 - 1500x + 3000 (collect like terms)
Next we simplify, by dividing through by -1500
= 1500x^2/1500 - 1500x/1500 + 3000/1500
= X^2 - x + 2
X^2 - x + 2 = 0
Next, we find the axis of symmetry using the formula x = -b/(2*a) where b = 1, a = 1
X = - (-1)/2*1
X = 1/2
Number of $5 increases = $5x1/2 = $2.5
=$2.5 + $20 = $22.5 ticket price gives max revenue.
6^3 = 216. When using chance, take the number of outcomes(six for a die) and raise it to the power of the number of repetitions
If data for a time series analysis are collected on an annual basis only, then the option(b) seasonal pattern can be ignored
Time series analysis is a specific way of analyzing a sequence of data points collected over an interval of time
The seasonal pattern is refers to the seasonal characteristics of the time series data. It is the predictable pattern that repeats at a certain frequency within one year, such as weekly, monthly, quarterly, etc.
A horizontal pattern exists when the data fluctuate randomly around a constant mean over time.
A trend pattern exists when there is a long-term increase or decrease in the series.
The cyclical component of a time series refers to fluctuations around the trend, excluding the irregular component, revealing a succession of phases of expansion and contraction
Here, the data for a time series analysis are collected on an annual basis, so the seasonal pattern can be ignored
Learn more about Time series analysis here
brainly.com/question/15411875
#SPJ4