Modeling using quadratic equations and graphing

Assignment Help Basic Statistics
Reference no: EM13120462

1. Suppose you are an event coordinator for a large performance theater. One of the hottest new Broadway musicals has started to tour, and your city is the first stop on the tour. You need to supply information about projected ticket sales to the box office manager. The box office manager uses this information to anticipate staffing needs until the tickets sell out. You provide the manager with a quadratic equation that models the expected number of ticket sales for each day x. ( is the day tickets go on sale).

Tickets = -2x^2 + 12x +11

a. Does the graph of this equation open up or down? How did you determine this?

b. Describe what happens to the tickets sales as time passes?

c. Use the quadratic equation to determine the last day that tickets will be sold. (Note: Write your answer in terms of the number of days after ticket sales begin.)

d. Will tickets peak or be at a low during the middle of the sale? How do you know?

e. After how many days will the peak or low occur?

f. How many tickets will be sold on the day when the peak or low occurs?

g. What is the point of the vertex? How does this number relate to your answers in parts e and f?

h. How many solutions are there to the equation -2x^2 + 12x +11=0? How do you know?

i. What do the solutions represent? Is there a solution that does not make sense? If so, in what ways does the solution not make sense?

Reference no: EM13120462

Questions Cloud

Favored building a police substation in their neighborhood : A simple question on the Mean of a Binomial distribution, 80% of the community favored building a police substation in their neighborhood.
Illustrate what is bruce speed at the bottom of the swing : If the rope starts at an angle of 30.0° with the vertical, illustrate what is Bruce's speed at the bottom of the swing?
Define exponential function : Define exponential function. Give an example of such function and graph it. Discuss what are common characteristics of all exponential functions. (i.e. domain/range/intercepts/asymptotes, general behavior)
Probability that third orange juice is not defective : Three are selected, at random, without replacement from the batch. What is the probability that the third is not defective given that one of the previous two are defective?
Modeling using quadratic equations and graphing : Suppose you are an event coordinator for a large performance theater. One of the hottest new Broadway musicals has started to tour, and your city is the first stop on the tour.
Illustrate what is the new horizontal distance l : illustrate what is the new horizontal distance L between the base of the slide and the splashdown point of the person?
Solving and simplifying equations : Write in interval notation the real numbers greater than or equal to 3 and less than 9. Translate the verbal expression into an algebraic expression: a cubed minuis b cubed.
Draw a venn diagram showing the overlapping sets : draw a Venn diagram showing the overlapping sets A and B and fill in the probabilities of the four regions formed. b. find the probability that A occurs but B doesn not.
Raymond financial services : In May of 2011, Raymond Financial Services became involved in a penalty dispute with the EPA. At December 31, 2011, the environmental attorney for Raymond indicated that an unfavorable outcome to the dispute was probable.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Summarize the statistical results

Summarize in words each of the following findings: The Tukey test was significant at .01 for two groups (A and E).

  Description of probability calculations-normal distribution

A soft drink company has recently received customer complaints about its one-liter-sized soft drink products. Customers have been claiming that the one-liter-sized products contain less than one liter of soft drink.

  Quadratic equation to find speed

Rita rows 12 km upstream and 12 km downstream in 3 hours. The speed of her boat in still water is 9 km/hr. Find the speed of the stream.

  Expected premium cost of insurance policy

A bonding company want to insure a construction projects completion. If the project is cancelled due to the contractor's lack of performance

  What percentage of workers who earn more

If the standard deviation is $11,200, what can you say about the percentage of these workers who earn how likely is it that someone earns more than $100,000?

  Find probability that height will be greater than range

Population standard deviation of 4 inches. For any one person selected at random, find out the probability that their height will be?

  Confidence intervals-career progression of women

Use a 95% CI to estimate the difference between the proportions of men and women managers who are married. Interpret the interval and what is the conclusion in terms of the populations from which the samples were drawn.

  Formulate and test hypothesis-general practice

A medical school claims that more than 32% of its students plan to go into general practice. It is found that among a random sample of 130 students, 46 of them plan to go into general practice.

  Population variance-standard deviation-point estimate

Incomes in the thousands of dollars were sampled in one region, they are as follows (1.5, 3.0, 4.2, 5.6, 2.6, 4.1, 0.9, 5.7, 5.4, 2.6) Assume the population is normal.

  Computing critical value and null hypothesis

What is the null hypothesis?  Use   α =0.05. Compute critical value.  Use   α =0.05.

  Group means for a significant difference

Using the appropriate statistical procedure on the SPSS, test the between group means for a significant difference.

  What is the expected profit in a sale

A contractor is considering a sale that promises a profit of $32,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $9000 with a probability of 0.3. What is the expected profit?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd