At Elsenhower High School's home games, booster clubs willl often hold raffles to raise money for the n or for special causes. The Girls' Baskethall Team had a gift basket filled with movie items to be raffled off at the Coaches Versus Cancer night. The girls decided to charge $2 a raffle ticket. 1. The gift basket contained: 4 tickets which cost $10.25 each, 12 boxes of candy which cost $2.50 each, a box of popcorn which costs $12, and 4 pairs of 3-D glasses which cost $4.25 each. Revenue is the amount of money the girls' basketball team brings in - its income. In this case, revenue is a function of number of tickets sold. Let x be the number of tickets sold. What is the revenue function? a. Revenue = f(x) = %3D Cost is how much money the girls' basketball team spent. In this situation, cost is a constant function. What is the cost function? [Hint: The cost function equals the expenses.] b. Cost = Profit = Revenue Cost. What is the profit function? (Use the letter y for profit.) c. Profit = y = d. What is the y-intercept of the profit function? Include units. What is the slope of the profit function? Include units. Remember: slope is a rate of change. e.
At Elsenhower High School's home games, booster clubs willl often hold raffles to raise money for the n or for special causes. The Girls' Baskethall Team had a gift basket filled with movie items to be raffled off at the Coaches Versus Cancer night. The girls decided to charge $2 a raffle ticket. 1. The gift basket contained: 4 tickets which cost $10.25 each, 12 boxes of candy which cost $2.50 each, a box of popcorn which costs $12, and 4 pairs of 3-D glasses which cost $4.25 each. Revenue is the amount of money the girls' basketball team brings in - its income. In this case, revenue is a function of number of tickets sold. Let x be the number of tickets sold. What is the revenue function? a. Revenue = f(x) = %3D Cost is how much money the girls' basketball team spent. In this situation, cost is a constant function. What is the cost function? [Hint: The cost function equals the expenses.] b. Cost = Profit = Revenue Cost. What is the profit function? (Use the letter y for profit.) c. Profit = y = d. What is the y-intercept of the profit function? Include units. What is the slope of the profit function? Include units. Remember: slope is a rate of change. e.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Topic Video
Question
![Page I of 3
Date:
Making a Profit
At Elsenhower High School's home games, booster clubs willl often hold raffles to raise money for the
for special causes. The Girls' Basketball Team had a gift basket filled with movie items to be
Tamed off at the Coaches Versus Cancer night. The girls decided to charge $2 a raffle ticket.
The gift basket contained: 4 tickets which cost $10.25 each, 12 boxes of candy which cost $2.50 each, a
box of popcorn which costs $12, and 4 pairs of 3-D glasses which cost $4.25 each.
Revenue is the amount of money the girls' basketball team brings in - its income.
In this case, revenue is a function of number of tickets sold. Let x be the number of tickets sold. What
is the revenue function?
a.
Revenue = f(x) =
Cost is how much money the girls' basketball team spent.
In this situation, cost is a constant function. What is the cost function?
[Hint: The cost function equals the expenses.]
b.
Cost =
Profit = Revenue – Cost. What is the profit function? (Use the letter y for profit.)
TI
с.
dre
Profit = y =
In
An
bo
Am
d.
What is the y-intercept of the profit function? Include units.
Ada
rich
diffic
purs
What is the slope of the profit function? Include units. Remember: slope is a rate of change.
e.
ccoi
was
eir a
ers
CT Algebra I Model Curriculum Version 3.0
Activity 4.4.4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F21dbd8a1-856f-4505-8da3-508fb9e0f153%2F4372e452-89c2-4148-ba54-8cfdefe03bb8%2Fl0id3ah_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Page I of 3
Date:
Making a Profit
At Elsenhower High School's home games, booster clubs willl often hold raffles to raise money for the
for special causes. The Girls' Basketball Team had a gift basket filled with movie items to be
Tamed off at the Coaches Versus Cancer night. The girls decided to charge $2 a raffle ticket.
The gift basket contained: 4 tickets which cost $10.25 each, 12 boxes of candy which cost $2.50 each, a
box of popcorn which costs $12, and 4 pairs of 3-D glasses which cost $4.25 each.
Revenue is the amount of money the girls' basketball team brings in - its income.
In this case, revenue is a function of number of tickets sold. Let x be the number of tickets sold. What
is the revenue function?
a.
Revenue = f(x) =
Cost is how much money the girls' basketball team spent.
In this situation, cost is a constant function. What is the cost function?
[Hint: The cost function equals the expenses.]
b.
Cost =
Profit = Revenue – Cost. What is the profit function? (Use the letter y for profit.)
TI
с.
dre
Profit = y =
In
An
bo
Am
d.
What is the y-intercept of the profit function? Include units.
Ada
rich
diffic
purs
What is the slope of the profit function? Include units. Remember: slope is a rate of change.
e.
ccoi
was
eir a
ers
CT Algebra I Model Curriculum Version 3.0
Activity 4.4.4
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