(Solved): Question 4 Florida is the place to be, especially in the winter months! One particular island off t ...
Question 4 Florida is the place to be, especially in the winter months! One particular island off the west coast has on average 1200 tourists in the vicinity on a typical winter day. (a) On average, a tourist stays for 10 days. How many tourists arrive each day on average? (b) Suppose the average tourist spends $50 per person per day on their first day and $30 per person per day each additional day, at local restaurants. If, due to inflation and other concerns, forecasters worry that restaurants), then what percent change 5 days next winter (but will not alter the way they spend at the same average number of tourists present in the vicinity.) forecasted for the local restaurants? (Assume