# wu

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Category: Education

## Presentation Description

Algebra project - produce a rock concert

## Presentation Transcript

### THE FINAL REPORT :

THE FINAL REPORT LAWRENCE WU TRAVIS YEH TEAM /SIGMA

### List Of Variables Used:

List Of Variables Used

### THE SCENARIO:

THE SCENARIO We need to book a specific band at a specific location with a ticket price so our profit is the highest that it could be.

### THE BANDS:

THE BANDS WHO’S THAT MS. TEAK THE DIXIE CHICKENS

THE STADIUMS THE COTTON BOWL THE STARPLEX AMPHITHEATER

### The Deciding Process :

The Deciding Process THE FIRST STEP IN OUR JOURNEY….

### Preference:

Preference THE FIRST ASSUMPTION… THEY DON’T CARE WHAT THEY’RE SEEING.

### Popularity:

Popularity THE SECOND ASSUMPTION…. POPULARITY = LARGER COST = LARGER PROFIT.

Fixed Costs

### Finding Variable Cost:

Finding Variable Cost

### LABOR GROUPS:

LABOR GROUPS TOTAL UNIT COST = \$4.50 PER PERSON

### Ticket Price vs. Number Of Tickets Sold:

Ticket Price vs. Number Of Tickets Sold

### Slide13:

Ticket Price Number of Tickets Sold

### N = -248.21p + 28571.43:

N = -248.21p + 28571.43

### P= -248.21p2+29,688.375p – 306,571.435:

P= -248.21p2+29,688.375p – 306,571.435

### Ticket Price vs. Number Of Tickets Sold:

Ticket Price vs. Number Of Tickets Sold

### R=pn:

R=pn R = 60(14,000) R = \$840,000

### C = 4.5n + 178,000:

C = 4.5n + 178,000 C = 4.5(14,000) +178,000 C = 63,000 + 241,000 C = \$241,000.

### P = R - C:

P = R - C Profit = \$840,000 - \$241,000

### \$599,000 dollars.:

\$599,000 dollars.

### Final Report:

Final Report BAND TO BOOK: Who’s That LOCATION: The Cotton Bowl TICKET PRICE: \$60 per ticket PROFIT: \$599,000

Thank You!