Question

A baseball team plays in a stadium that holds 46000 spectators. With the ticket price at $9 the average attendance has been 20000. When the price dropped to $5, the average attendance rose to 23000. Find the demand function $D(q)$, where $q$ is the quantity/number of the spectators. (Assume $D(q)$ is linear) $D(q) = $ (For best results, keep answers in fraction form, not decimals)

Name: a baseball team plays in a stadium that holds 46000 spectators with the ticket price at 9 the average attendance has been 20000 when the price dropped to 5 the average attendance rose to 230 99426
Uploaded: 2023-07-07T05:04:54-08:00
Duration: 2 min 43 s
Channel: Adi S
Description: a baseball team plays in a stadium that holds 46000 spectators with the ticket price at 9 the average attendance has been 20000 when the price dropped to 5 the average attendance rose to 230 99426

          A baseball team plays in a stadium that holds 46000 spectators. With the ticket price at $9 the average attendance has been 20000. When the price dropped to $5, the average attendance rose to 23000. Find the demand function $D(q)$, where $q$ is the quantity/number of the spectators. (Assume $D(q)$ is linear)
$D(q) = $
(For best results, keep answers in fraction form, not decimals)

a baseball team plays in a stadium that holds 46000 spectators with the ticket price at 9 the average attendance has been 20000 when the price dropped to 5 the average attendance rose to 230 99426

Added by Deborah G.

Elementary Statistics a Step by Step Approach

Allan G. Bluman 9th Edition

Instant Answer

Solved by Expert Adi S

07/07/2023

Step 1

The demand function $D(q)$ is linear, which means it can be represented in the form $D(q) = mq + b$, where $q$ is the quantity (number of spectators) and $D(q)$ is the price. We are given two data points: 1. When the price is $9, the attendance is 20000. So, Show more…

Show all steps

Thanks for your feedback!

A baseball team plays in a stadium that holds 46000 spectators. With the ticket price at $9 the average attendance has been 20000. When the price dropped to $5, the average attendance rose to 23000. Find the demand function $D(q)$, where $q$ is the quantity/number of the spectators. (Assume $D(q)$ is linear) $D(q) = $ (For best results, keep answers in fraction form, not decimals)