Suppose There Is a Linear Relationship Between the Ticket Price

question 2

Multiple Choice

Suppose there is a linear relationship between the ticket price (P) to a university basketball game and the number of tickets sold (Q) .If the ticket price is $20,then 600 tickets are sold; if the ticket price is $8,then 3000 tickets are sold.What is the slope of the function if Q is plotted on the horizontal axis and P is plotted on the vertical axis?

• A)-0.005
• B)-0.05
• C)0
• D)0.05
• E)0.005

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Definitions:

Ordinal Level

A measurement scale that organizes data into categories that are ranked or ordered based on some criteria.

Class Interval

The range of values within which data points are grouped together in the creation of a frequency distribution.

Midpoint

The central point in a class interval.

Class Interval

A range of values in a dataset that is used to organize data into categories or groups for frequency distribution analysis.