We appreciate your visit to To try to increase profits a theater owner increases the price of a ticket by 25 every month Describe what a scatter plot might look. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
A scatter plot of a theater owner monthly increasing the ticket price and earning higher profit would show a rising line with a positive slope if the demand remains constant or increases. However, if the rise in prices leads to lower demand, the scatter plot might display a rise, a peak, and then a decline.
Explanation:
In this scenario of a theater owner progressively increasing the price of a ticket by $25 every month, if 'x' represents the number of months and 'y' represents the profits, the scatter plot could be represented as a rising line. This is assuming that the demand remains constant or increases. However, if the increase in prices results in fewer audience members, potentially turning to alternative, cheaper entertainment options, the plot could look more like a peak and then fall.
If every month is associated with a $25 increase in cost and a corresponding increase in profit, we expect a positive slope as time goes by. This is because with every month (increasing x-values), the profit (y-values) should also be increasing, creating a plot of points that rise from left to right.
However, it's equally important to consider how the audience responds to these increases over time. If customers begin to reject the growing costs and stop coming to the theater, profits could stagnate or decrease. In that case, after a certain number of months, the scatter plot might rise, reach a peak, and then begin to fall as the audience's willingness to pay decreases.
Learn more about Scatter Plot here:
https://brainly.com/question/29231735
#SPJ11
Thanks for taking the time to read To try to increase profits a theater owner increases the price of a ticket by 25 every month Describe what a scatter plot might look. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
