3.3+Predicting+Profit

JD. Sep.9,08 Math 7B Day 11

Probem 3.3 & Follow Up

3.3

A. How much profit will be made if 10 customers go on the tour? 25 customers? 40 Customers?

If 10 customers go on the tour, the profit will be $150 If 25 customers go on the tour, the profit will be about $380 If 40 customers go on the tour, the profit will be $600

B. How many customers are needed for the partners to earn a $200 profit? A $500 profit? A $600 profit?

To get $200 profit they will need about 14 customers To get $600 profit they will need about 40 customers To get $500 profit they will need about 34 customers

C. How does the profit change as the number of customers increases? How is this pattern shown in the graph?

The Profit gets higher as the # of customers gets higher. This is shown in the graph by a diagonal dotted line.

D. If the tour operators reduced their expenses but kept the price at $350, how would this change the graph?

It would not change the graph

F.U. What would the profit be if only 1 customer went on the tour? How about 2 customers? 3 Customers? 100 Customers? Describe in words, the estimated profit for any number of customers.

1 Customer – $15 2 Customers - $30 3 Customers - $45 100 Customers - $700 The Estimated profit for 23 customers is $125.