Question:
The table below shows ticket prices and actual revenues from
Last updated: 3/28/2023
The table below shows ticket prices and actual revenues from past events Price 4 5 6 7 8 9 10 11 12 Actual Revenue 2 012 Revenue 2 275 2 352 2 506 2 616 2 529 2 330 2 079 1 824 3000 2000 1000 0 Predicted Revenue R X 1920 2 200 2 400 2520 2560 2 520 2400 2200 1 920 Residual 92 75 48 Part A Plot the given data price actual revenue on the graph below Then use the model you wrote in Item 2 to fill in the predicted revenue column in the table Finally f in the residual column 14 56 4 8 12 16 Price per Ticket 9 30 121 96 Unit 2 Final QPA X