To determine the break-even point between the two venues based on the number of attendees, let's define the costs for each venue as follows:
-
Cost of the hotel (H):
where is the number of attendees. -
Cost of the restaurant (R):
Finding the Break-even Point
To find how many attendees it would take for both venues to cost the same, we can set the two equations equal to each other:
Solving for
- Rearranging the equation:
So, it takes 50 attendees for the costs of the hotel and restaurant to be the same.
Setting Up Inequalities
Next, to create a system of inequalities to determine which venue is more cost-effective for different numbers of attendees, we can express the inequalities based on comparative costs:
-
For the hotel to be cheaper than the restaurant:
-
For the restaurant to be cheaper than the hotel:
Graphing the Inequalities
-
Hotel cheaper than Restaurant: Rearrange the first inequality:
-
Restaurant cheaper than Hotel: Rearrange the second inequality:
Summary of the Inequalities
- The hotel is cheaper when
. - The restaurant is cheaper when
.
Graphing the Inequalities
You can graph these two inequalities on a number line:
- From 0 to 50, you shade the region indicating the hotel is cheaper (below the line).
- After 50, you shade the region for the restaurant being cheaper (above the line).
Conclusion
- At
, both venues will cost the same. - For fewer than 50 attendees, the hotel is the more cost-effective choice.
- For more than 50 attendees, the restaurant becomes the cheaper option.