Mathematics
Mathematics, 31.07.2019 10:30, amandaaarmentaa

Ted researched the price of airline tickets and discovered a correlation between the price of a ticket and the number of miles traveled. after recording his data on a scatter plot, he determined the equation for the line of best fit is y = 300 + 0.45x. how can you tell from the equation that the correlation between the cost of a plane ticket and the number of miles traveled is positive? what does a positive correlation tell you about the dependent and independent variables?

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Mathematics, 21.07.2019 20:00, mansoorahmedd67
Ted researched the price of airline tickets and discovered a correlation between the price of a ticket and the number of miles traveled. after recording his data on a scatter plot, he determined the equation for the line of best fit is y = 300 + 0.45x. what does 0.45 represent in the equation? a) the lowest ticket price b) the number of miles traveled c) the expected change in the price of multiple tickets eliminate d) the expected change in price of the ticket for each mile traveled
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Mathematics, 29.07.2019 21:00, billydavey555
An airline sells all tickets for a certain route at the same price. if it charges 250 dollars per ticket it sells 5000 tickets. for every 5 dollars the ticket price is reduced, an extra 500 tickets are sold. it costs the airline a hundred dollars to fly a person. what price will generate the greatest profit for the airline?
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Business, 18.09.2019 01:20, megamorph
Consider the following demand function for airline tickets (quantities are in thousands): upper q equals 10 minus 0.1 p subscript x baseline plus 0.4 p subscript y baseline plus 0.25 p subscript z baseline plus 0.005 upper y, where px = price of an airline ticket py = price of a bus ticket q = quantity demanded pz = price of gasoline y = consumer income according to the above equation, airline tickets and bus tickets are ▼ goods. if, in equilibrium, the cross-price elasticity between airline tickets and gasoline is 1.9; when the price of the gasoline increases by 1%, the quantity demanded of airline tickets increases by nothing% (enter your response rounded to two decimal places).
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Mathematics, 28.09.2019 13:50, Marqiuse412
Ted researched the price of airline tickets and discovered a correlation between the price of a ticket and the number of miles traveled. after recording his data on a scatter plot, he determined the equation for the line of best fit is y = 300 + 0.45x. what does 0.45 represent in the equation?
Answers: 2
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