A hotel is monitoring how the number of increases in price affects the weekly profit. The table models the weekly profit, y, after a given number of price increases, x. Which type of models would best fit the data?
A hotel is monitoring how the number of increases in price affects the weekly profit. The table models the weekly profit, y, after a given number of price increases, x. Which type of models would best fit the data?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A hotel is monitoring how the number of increases in price affects the weekly profit. The table models the weekly profit, y, after a given number of price increases, x. Which type of models would best fit the data?

Transcribed Image Text:O The data is best modeled by a quadratic function because the weekly profit increases to a maximum and then decreases.
The data is best modeled by a quadratic function because the weekly profit decreases to a minimum and then increases.
The data is best modeled by an exponential growth function because the weekly profit increases to a maximum and then decreases.
The data is best modeled by an exponential decay function because the weekly profit decreases to a minimum and then increases.

Transcribed Image Text:x (price increases)
0
1 2 3 4
5
y (weekly profit in dollars) 61,000 66,000 69,000 70,000 69,000 66,000
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