Math, asked by ellacroke, 4 months ago

A Silvercity movie theatre sells 3600 movie tickets a day (on average). The current price for a
movie ticket is $13.00. A survey indicates that for each decrease in price by $0.25, there will be an
increase in attendance by 100 people. What should be the new price in order to maximize profit?

Answers

Answered by mbakshi37
0

Answer:

max revenue shall be at Price 11 , with average sales of 4400.

regression analysis Maxim attached in graph.

Attachments:
Similar questions