3.2+Finding+Customers+0910

Block E
 * Max

BIG IDEA-** Observation and description of changes in the world around us are the first steps in finding and learning about patterns.

Sidney, Liz, Celia, Malcom, and Theo had a route planned and a bike shop chosen. Now they needed customers. They had to figure out what price to charge so they could attract customers, and make a profit. To help set a price, the partners did some market research. They obtained a list of people who had taken other bicycle tours and asked 100 of them which of the following amounts they would be willing to pay for the Ocean and History Bike Tour: 150, 200, 250, 300, 350, 400, 450, 500, 550, and 600 dollars. The results are shown on the table below.**
 * Problem 3.2- Finding customers


 * Tour price || Number of customers willing to pay at this price || Profit made (added by Max) ||
 * 150 dollars || 76 || 11400 ||
 * 200 dollars || 74 || 14800 ||
 * 250 dollars || 71 || 17750 ||
 * 300 dollars || 65 || 19500 ||
 * 350 dollars || 59 || 20650 ||
 * 400 dollars || 49 || 19600 ||
 * 450 dollars || 38 || 17100 ||
 * 500 dollars || 26 || 13000 ||
 * 550 dollars || 14 || 7700 ||
 * 600 dollars || 0 || 0 ||

A- If I were to graph this data I would put the tour price on the x-axis because it's an independant variable. It's also a variable that we can control, unlike the number of customers.
 * A- If you were to make a graph of the data, which variable would you put on the x-axis? Which variable would you put on the y-axis? Explain your choices.**

B-
 * B- Make a co-ordinate graph of the data.**

C- I think they should charge customers 350 dollars. I multiplied 350 dollars by 59 (the number of people who would pay at this price) which gave me the profit. (the amount of money they would make) The 350 dollar profit was higher than all of the other profits, so they would make the most money charging 350 dollars.
 * C- Based on your graph, what price do you think tour operators should charge? Explain your reasoning.**

1- The number of people who said they would take the tour depended on the price. How does the number of potential customers change as the price increases?** 1- As the price increased people tend to become a little less interested because they want to save as much money as possible.
 * 3.2 followup

2- On the table the numbers become smaller, and on the graph, the dots become lower.
 * 2- How is the change in the number of people who said they would go on the tour shown in the table? On the graph?**