Math Problem Statement
A tourist agency’s profit P( in dollars) can be modelled by the function P(x)= -25x^2+1000x-3000, where x is the number of tourists. Determine how many tourists are needed for the agency’s profit to be at least $5000.
Solution
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Math Problem Analysis
Mathematical Concepts
Quadratic Functions
Inequalities
Profit Maximization
Formulas
Quadratic equation: ax^2 + bx + c = 0
Quadratic inequality: ax^2 + bx + c ≥ d
Theorems
Quadratic formula: x = (-b ± √(b² - 4ac)) / 2a
Suitable Grade Level
Grades 9-11
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