A new movie theater is trying to gauge how much they should charge for movie tickets. The tableshows several different ticket pricing costs and how much profit the theater made at each cost(taking into account the overhead expenses the theater had to pay to be open).Cost of ticket($)5.7.1012Profit ($)240639784581The ultimate question: Find the maximum profit rounded to the nearest cent.Things to consider while answering:• Plot a graph of this situation.• Based on the trend in the data, generate an appropriate regression model that best fits thedata.

Answered: Image /qna-images/answer/2a05fd1a-95ac-4434-a57a-8a36bce14c37.jpg

A new movie theater is trying to gauge how much they should charge for movie tickets. The table shows several different ticket pricing costs and how much profit the theater made at each cost (taking into account the overhead expenses the theater had to pay to be open). Cost of ticket($) 5 10 12 Profit ($) 240 639 784 581 The ultimate question: Find the maximum profit rounded to the nearest cent. Things to consider while answering: • Plot a graph of this situation. • Based on the trend in the data, generate an appropriate regression model that best fits the data.

A new movie theater is trying to gauge how much they should charge for movie tickets. The table shows several different ticket pricing costs and how much profit the theater made at each cost (taking into account the overhead expenses the theater had to pay to be open). Cost of ticket($) 5 10 12 Profit ($) 240 639 784 581 The ultimate question: Find the maximum profit rounded to the nearest cent. Things to consider while answering: • Plot a graph of this situation. • Based on the trend in the data, generate an appropriate regression model that best fits the data.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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