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Business Modeling Project

(Chase, Daniel, Claire and Anna)
by

Anna Robson

on 30 April 2010

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Transcript of Business Modeling Project

Business Modeling A concert promoter is planning a show by some popular band. Research into costs and sales prospects could give a model predicting profit from the show as a function of chosen ticket prices. Profit Ticket Sales Income y=-238.095x^2+3784.524x-6728.571 Modeling Quadratic function Follows an exponential curve to the highest point and then falls Highest point on data set: (10, 8000) Greatest profit when prices are $10 y= -238.095x^2+3874.524x-771.428
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