Need help step by step for the questions shown on the image attached. Math 123Homework 8B – Sec 8Quantitative ReasoningLinear ModelsQuestions 18-20. The psychology club is having a self-proclaimed psychic come to their campus fund-raising event todemonstrate his abilities. He charges $200 for these events, and the club is charging $1.50 for tickets with a chance tohave the psychic read the ticket holder's mind.18. Let x represent the number of tickets sold and y represent money in a linear model which can be used to estimatethe profit or loss based upon the number of tickets sold. Write this linear model in the form y = mx + b.19. How much would the club gain or lose by selling 125 tickets? (round to the tenths place)20. How many tickets are needed to break even? Hint: breaking even means making $0. (round to the next ticket)Questions 21-23. The cost of a LCD TV dropped from $265 in 2012 to $199 in 2014.21. Find the average rate at which the cost has been decreasing.22. Set-up a linear model to estimate future costs of TV's.23. Use your model to estimate what the cost will be in 2016.

Name: Need help step by step for the questions shown on the image attached.
Uploaded: 2024-03-20T07:07:37.000Z
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Description: Need help step by step for the questions shown on the image attached. Math 123Homework 8B – Sec 8Quantitative ReasoningLinear ModelsQuestions 18-20. The psychology club is having a self-proclaimed psychic come to their campus fund-raising event todem