Explanation
Correct answer: B.
Choice B is correct. It's given that the situation can be modeled by the equation , where represents the increase in ticket price, in dollars, and represents the revenue, in dollars, from ticket sales. Since the coefficient of the term is negative, the graph of this equation in the xy-plane opens downward and reaches its maximum value at its vertex. If a quadratic equation in the form , where , , and are constants, is graphed in the xy-plane, the x-coordinate of the vertex is equal to . For the equation , , , and . It follows that the x-coordinate of the vertex is , or . Therefore, if the given equation is graphed in the xy-plane, the maximum of the graph occurs at an x-value of .
Desmos solution:
Note: The regression rewrites the revenue model in vertex form, so h=7 is the x-value of the maximum.
Enter in Desmos:
Reviewed and rewritten by CookSAT
Why the other choices are wrong
Choice A
Choice A is incorrect and may result from conceptual or calculation errors.
Choice C
Choice C is incorrect and may result from conceptual or calculation errors.
Choice D
Choice D is incorrect and may result from conceptual or calculation errors.