Question

A theater manager collected data about ticket prices and attendance for an upcoming opening night. The results were used to calculate the model ŷ = –9.34x + 602.45, where x represents the selling price in dollars and ŷ represents the predicted number of tickets sold. Interpret the slope and y-intercept in the context of the problem.

Approximately 602 tickets sell for between 9 and 10 dollars each.
Approximately 9 tickets sell for between 602 and 603 dollars each.
For every increase of one dollar, there is predicted to be an increase in ticket sales of more than 602 tickets.
For every increase of one dollar, there is predicted to be a decline in ticket sales of between 9 and 10 tickets.

Answer 1

im already here

Answer 2

I see this

Answer 3

lol holdon

Answer 4

The slope of the model is -9.34. In this context, it means that for every one dollar increase in the selling price of a ticket

Answer 5

the predicted number of tickets sold decreases by 9.34. This indicates a negative correlation between the ticket price and the number of tickets sold. As the ticket price increases, the number of tickets sold decreases

Answer 6

The y-intercept of the model is 602.45. In this context, it represents the predicted number of tickets sold when the selling price is zero dollars

Answer 7

it doesn't make sense for the selling price to be zero, but in terms of the model, it suggests that if the tickets were free, the theater would expect to sell approximately 602 tickets.

Answer 8

Given these interpretations, the correct statement is:

Approximately 602 tickets sell for between 9 and 10 dollars each

Answer 9

damn

Answer 10

Thank you again jay

Answer 11

np