If the heights of a population of men are approximately Normally distributed, and the middle 99.7% have heights between 5'0" and
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Answer:
The max. revenue is $57,121.
This happens with 239 passengers.
The price of the ticket is $239 per person.
Step-by-step explanation:
Let the variable "P" denote the number of passengers.
If P=180, then the ticket cost is $298/person. Then the price is reduced by $1 for each additional person.
In general, if P=(180+x), then the ticket cost becomes (298-x) per person.
The revenue can be defined as the ticket cost multplied by the number of passengers:
We can derive R and equal to zero to maximize the function.
The amount of passengers is:
The price of the tickets is
The revenue is: