Question

SEASON PASS OPTIONS (QUADRATIC FUNCTIONS) Through observing trends over the past 20 years Canada's Wonderland has determined that teenagers are their most devoted and loyal customers. Kate, a top notch high school intern in the Group Sales Department, has stumbled across a memo containing Park trends data, Kate is determined to turn this internship into a full time job when she finishes her schooling. She has come up with the concept of "Teen Years" Benefits that favour teenage patrons of the Park. Kate needs your help to statistically prove that her ideas will work. She would like to design an all inclusive convenience pass that will allow teens to come to the Park throughout the season without bringing extra pocket change PRICE OPTIONS FEATURES 1 Season Pass $150 5 Food Vouchers (valued at $10 each) 7 Free Game Vouchers (valued at $3 each) A 1 Season Pass $200 9 Food Vouchers (valued at $10 each) 10 Free Game Vouchers (valued at $3 each) B 1 Season Pass 10 Food Vouchers (valued at $10 each) 15 Free Game Vouchers (valued at $3 each) $220 a) Which is the best option for teens planning to visit the Park throughout the season? Show your work. b) Based on the data that she gathers from the memo, Kate estimates that 1000 teens will purchase Option C in a given season. She is also considering raising the cost of Option C by $10; however, in doing should Kate charge for Option C to maximize the revenue for the so she assumes that 100 fewer teens will purchase Option C. What [HINT: Revenue Cost X # of Passes Sold]

Answer 1

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