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 tourist can be predicted by the equation p = 276, 000 + 7500t, where p = the number of tourists per year, and t = years (measured from this current season). Thus, t = Oidentifies the current season, t = 1 is the next season, etc. if p is plotted on the vertical axis : 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
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 tourist can be predicted by the equation p = 276, 000 + 7500t, where p = the number of tourists per year, and t = years (measured from this current season). Thus, t = Oidentifies the current season, t = 1 is the next season, etc. if p is plotted on the vertical axis : 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
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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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 tourist can be predicted by the equation p = 276, 000 + 7500t, where p =
the number of tourists per year, and t = years (measured from this current season). Thus,
t = Oidentifies the current season, t = 1 is the next season, etc. if p is plotted on the vertical
axis :
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
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