The ticket price that would maximize the total revenue would be $ 23.
Given that a football team charges $ 30 per ticket and averages 20,000 people per game, and each person spend an average of $ 8 on concessions, and for every drop of $ 1 in price, the attendance rises by 800 people, to determine what ticket price should the team charge to maximize total revenue, the following calculation must be performed:
- 20,000 x 30 + 20,000 x 8 = 760,000
- 24,000 x 25 + 24,000 x 8 = 792,000
- 28,000 x 20 + 28,000 x 8 = 784,000
- 26,000 x 22.5 + 26,000 x 8 = 793,000
- 27,200 x 21 + 27,200 x 8 = 788,000
- 26,400 x 22 + 26,400 x 8 = 792,000
- 25,600 x 23 + 25,600 x 8 = 793,600
- 24,800 x 24 + 24,600 x 8 = 792,000
Therefore, the ticket price that would maximize the total revenue would be $ 23.
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Answer:
i hope this helps
Step-by-step explanation:
2
-16=0
+16 +16
2 =16
÷2 ÷2
= 8
= 
x=
-5 +9=0
-9 -9
-5=-9
÷-5 ÷-5
=1.8
= 
x=
6 -15=27
+15 +15
6 =42
÷6 ÷6
=7
= 
x=
Add up all the values shown:
64+28+52+56 = 200
This result indicates that there are 200 students total.
Of these 200 total people, there are 28 who are attending both colleges. This is the value shown in the overlapping region of the two circles.
Divide the two values (28 and 200) to get...
28/200 = 0.14 = 14%
The probability as a decimal value is 0.14 which is saying there's a 14% chance of picking someone who goes to both colleges.
Answer:
120
Step-by-step explanation:
The subcommittee needs to contain 1 out of 3 freshmen, 1 out of 4 sophomores, 1 out of 5 juniors and 1 out of 2 seniors. Assuming order is not important, the number of possibilities to pick the subcommittee members is given by:
There are 120 possible subcommittees.
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