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Algebra project - produce a rock concert

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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 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: 

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!: 

Thank You!

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