A) The chamber of commerce for a summer resort is trying to determine how many tourists will be visiting each season over the coming years. A marketing research firm has estimated that the number of tourists can be predicted by the linear equation: P(x)= 278000 + 7550x
Answers
Given : The chamber of commerce for a summer resort is trying to determine how many tourists will be visiting each season over the coming years.
A marketing research firm has estimated that the number of tourists can be predicted by the linear equation: P(x)= 278000 + 7550x
To Find : (a) Graph the equation.
(b) Identify the slope and y intercept (p intercept, here).
(c) Interpret the meaning of the slope and p intercept in this application.
Solution:
(a) Graph the equation. P(x)= 278000 + 7550x
T P(x)= 278000 + 7550x
0 278000
1 285550
2 293100
3 300650
4 308200
5 315750
6 323300
7 330850
8 338400
9 345950
plot the graph
Slope = 7550
y intercept (p - intercept) = 278000
Slope shows increase in tourist every years
y intercept (p - intercept) shows tourist in initial year (0)
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