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
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...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning