The table gives the price t, in dollars, of a round-trip flight from Denver to Chicago on a certain airline and the corresponding monthly profit P for that airlin that route. Round-trip Airfares Ticket Price (dollars) 200 250 300 350 400 450 Profit (thousand dollars) 3080 3520 3760 3820 3700 3380 (a) Find the function for the quadratic model that gives the profit in thousand dollars, where t is the ticket price in dollars, with data from 200 ≤ t ≤ 450. (Round all numerical values to three decimal places.) P(t) = (b) Use the model to calculate the average rate of change of profit when the ticket price rises from $200 to $250. (Round your answer to three dec places.) thousand dollars per dollar

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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The table gives the price t, in dollars, of a round-trip flight from Denver to Chicago on a certain airline and the corresponding monthly profit P for that airline on
that route.
Round-trip Airfares
Ticket Price
(dollars)
200
250
300
350
400
450
Profit (thousand
dollars)
3080
3520
(a) Find the function for the quadratic model that gives the profit in thousand dollars, where t is the ticket price in dollars, with data from
200 ≤ t ≤ 450. (Round all numerical values to three decimal places.)
P(t) =
thousand dollars per dollar
3760
3820
3700
3380
(b) Use the model to calculate the average rate of change of profit when the ticket price rises from $200 to $250. (Round your answer to three decimal
places.)
thousand dollars per dollar
(c) Use the model to calculate the average rate of change of profit when the ticket price rises from $300 to $350. (Round your answer to three decimal
places.)
Transcribed Image Text:The table gives the price t, in dollars, of a round-trip flight from Denver to Chicago on a certain airline and the corresponding monthly profit P for that airline on that route. Round-trip Airfares Ticket Price (dollars) 200 250 300 350 400 450 Profit (thousand dollars) 3080 3520 (a) Find the function for the quadratic model that gives the profit in thousand dollars, where t is the ticket price in dollars, with data from 200 ≤ t ≤ 450. (Round all numerical values to three decimal places.) P(t) = thousand dollars per dollar 3760 3820 3700 3380 (b) Use the model to calculate the average rate of change of profit when the ticket price rises from $200 to $250. (Round your answer to three decimal places.) thousand dollars per dollar (c) Use the model to calculate the average rate of change of profit when the ticket price rises from $300 to $350. (Round your answer to three decimal places.)
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