Question

Named in honor of the late Dr. F. C. "Phog" Allen, the Kansas Jayhawks’ head coach for 39 years, Allen Fieldhouse is labeled by many as one of the best places in America to watch a college basketball game. Allen Fieldhouse has a seating capacity of 15,900. Assume the basketball arena sells out all 14 home games before the season begins, and the athletic department collects $15,582,000 in ticket sales.
What is the average price per person ticket and and average price per individual game ticket sold?

Answer 1

Answer:

The average price per person ticket is $980

The average price per individual game ticket sold $70

Explanation:

In order to calculate the average price per person ticket we would have to use the following formula:

average price per person ticket= Total Sales/Total capacity

average price per person ticket= $15,582,000/15,900

average price per person ticket= $980

In order to calculate the average price per individual game ticket sold we would have to use the following formula:

average price per individual game ticket sold= Average price per person / Number of games

average price per individual game ticket sold=$980/14

average price per individual game ticket sold=$70

Answer 2

Answer:

Average price per person per ticket is $980

average price per game ticket sold is $70

Explanation:

The average price per person ticket is the total ticket sales divided by the total capacity of the fieldhouse

Total sales ticket is $15,582,000

total capacity of the fieldhouse=15900                                                                  

average price per person per ticket= $15,582,000/15900=$980 per person

average price of individual game=ticket sales per game/seating capacity

ticket sales per game=total sales/number of games=$15,582,000/14=$1,113,000

average price per individual game=$1,113,000/15900=$70