question archive A movie theater owner would like to determine the best price to charge for popcorn
A movie theater owner would like to determine the best price to charge for popcorn
Subject:MathPrice:3.86 Bought11
A movie theater owner would like to determine the best price to charge for popcorn. She has determined that during a typical movie, if she charges $4 for a bag, she will sell 200 bags, and if she charges $6 for a bag, she will sell 120 bags.
a)Find a linear model, using price as the independent variable, that models the numbers of bags sold vs price. Be sure to label what your variables represent.
b) Find an exponential model, using price as the independent variable, that models the numbers of bags sold vs price. Be sure to label what your variables represent.
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