Ticket price attendance, Ticket Price Attendance, Thousands

Ticket price attendance

Reference no: EM13311095

Ticket Price Attendance, Thousands Point $50 0 a 40 4 b 30 8 c 20 12 d 10 16 e 0 20 f This table shows the inverse relationship between ticket prices and game attendance at Gigantic State University.

(a) Interpret the meaning of both the slope and the intercept.

(b) If the slope of the line were steeper, wheat would that say about the amount by which ticket sales respond to increases in ticket prices?

(c) If the slope of the line stayed the same but the intercept increased, what can you say about the amount by which ticket sales respond to increases in ticket prices?

Reference no: EM13311095

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