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A travel agency sells ship cruises for a...

A travel agency sells ship cruises for a popular cruises line. Historically, 135 cruises can be sold when the price is $950 per person. If the price drops to the minimum allowed by the cruises line of $725 per person, 180 cruises can be sold. If the number of cruises sold increase at a constant rate as the price p decrease, where `pge725`, which of the following functions best models the situation described?

A

`f(p)=-(1)/(29)p+205`

B

`f(p)=-(1)/(19)p+1,135`

C

`f(p)=-5p+4,885`

D

`f(p)=-(1)/(5)p+325`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find a linear function that models the relationship between the price of the cruise (p) and the number of cruises sold (N). We have two points based on the information provided: 1. When the price is $950, the number of cruises sold is 135. 2. When the price is $725, the number of cruises sold is 180. Let's denote the price as \( p \) and the number of cruises sold as \( N \). We can represent the two points as: - Point 1: \( (950, 135) \) - Point 2: \( (725, 180) \) ### Step 1: Calculate the slope (m) of the line The formula for the slope \( m \) between two points \( (x_1, y_1) \) and \( (x_2, y_2) \) is given by: \[ m = \frac{y_2 - y_1}{x_2 - x_1} \] Here, we will use: - \( (x_1, y_1) = (950, 135) \) - \( (x_2, y_2) = (725, 180) \) Substituting the values: \[ m = \frac{180 - 135}{725 - 950} = \frac{45}{-225} = -\frac{1}{5} \] ### Step 2: Use point-slope form to find the equation The point-slope form of a linear equation is: \[ y - y_1 = m(x - x_1) \] Using point \( (950, 135) \) and the slope \( m = -\frac{1}{5} \): \[ N - 135 = -\frac{1}{5}(p - 950) \] ### Step 3: Rearranging to slope-intercept form Now, we will rearrange the equation to solve for \( N \): \[ N - 135 = -\frac{1}{5}p + \frac{950}{5} \] Calculating \( \frac{950}{5} \): \[ \frac{950}{5} = 190 \] So the equation becomes: \[ N - 135 = -\frac{1}{5}p + 190 \] Adding 135 to both sides: \[ N = -\frac{1}{5}p + 190 + 135 \] \[ N = -\frac{1}{5}p + 325 \] ### Step 4: Final equation Thus, the function that models the situation is: \[ N(p) = -\frac{1}{5}p + 325 \]
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