The population is 20,000 now and expected to grow at an annual rate of 5%.
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Answer:
Step-by-step explanation:
Linear function:
A linear function has the following format:
In which m is the slope and b is the q-intercept.
One week you charged $4 per guest and averaged 80 guests per night. The next week you charged $10 per guest and averaged 44 guests per night.
This means that we have these following points: (4,80), (10,44).
Finding the slope:
With a pair of points, the slope is given by the change in q divided by the change in p.
Change in q: 44 - 80 = -36
Change in p: 10 - 4 = 6
Slope:
So
Finding b:
We replace one of the points. Replacing (4,80).
So