logging in or signing up frake smsalgebra Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 289 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: February 20, 2008 This Presentation is Public Favorites: 0 Presentation Description Algebra produce a rock concert project Comments Posting comment... Premium member Presentation Transcript Hello. We are your friendly Concert Consulting agency Ping Guo Pie (apple pie): Hello. We are your friendly Concert Consulting agency Ping Guo Pie (apple pie)Location Chooses Seating Capacity: Location Chooses Seating Capacity The Cotton Bowl Seating capacity- 25,704 people The Starplex Amphitheater Seating capacity-20,111Revenue Model: Revenue Model We assumed ticket price was $20 Our Model was: Revenue = price x number of tickets sold If n= number of tickets sold R=20n was our equation Revenue Model: Revenue Model Revenue Model: Revenue ModelTask 2: Cost Model: Task 2: Cost Model Fixed Costs (F) Costs that stay the same no matter how many tickets are sold. Band Arena Other (advertising & ticket agency) Arena Cost: Arena CostBand Cost : Band Cost Other Costs : Other Costs Ms. Teak at the Cotton bowl fixed prices : Ms. Teak at the Cotton bowl fixed prices - Ms Teak $75,000 - Cotton Bowl + $75,000 - Other + $55,000 Total $205,000 Dixie Chickens at the Starplex Amphitheater : Dixie Chickens at the Starplex Amphitheater Dixie Chickens $88,000 Starplex + $60,000 Other + $55,000 Total $203,000 Dixie Chickens at the Cotton Bowl: Dixie Chickens at the Cotton Bowl Dixie Chickens $88,000 Cotton Bowl + $75,000 Other + $55,000 Total $218,000 Variable Costs (V) & Unit Rate : Variable Costs (V) & Unit Rate Variable Costs (V) Costs that vary as the number of tickets sold varies. Another way to look at the cost of your fixed costs is Unit Rate Unit Rate is if each person had to pay their fair share of this cost how much would it be? Variable Cost ModelAssume 15,000 Attend : Variable Cost Model Assume 15,000 Attend Slide17: Variable costs =unit rate times number of tickets sold or V= mn where m = unit rate and n= number of tickets sold Total Costs (C) C = V+F C = mn+FMs. Teak at the Cotton Bowl: Ms. Teak at the Cotton BowlDixie chickens at the Starplex: Dixie chickens at the StarplexDixie Chickens at Cotton Bowl: Dixie Chickens at Cotton BowlCost Model Ms. Teak at the Cotton Bowl: Cost Model Ms. Teak at the Cotton BowlDixie Chickens at the Starplex : Dixie Chickens at the Starplex Dixie Chickens at Cotton Bowl : Dixie Chickens at Cotton Bowl Sam thinks we should get a 100!Enjoy the rest of our WONDERFUL project……..(It deserves a 100!!) : Sam thinks we should get a 100! Enjoy the rest of our WONDERFUL project…….. (It deserves a 100!!) Task 5: Task 5 Now it is time to find figure out the what band, location, and price per ticket will give the largest profit. Slide26: Starplex Amphitheater Cotton Bowl Survey InformationSlide27: Linear Regression: n = -248.21p + 28571.43 Linear Regression: n = -146.43p + 21428.57Slide28: With the information and equations that we have collected through the course of the project, we can now figure out the best ticket price and maximum profit for each band at each arena and compare them to choose the one that can give the highest profit.Final Results!!!: Final Results!!! Band: Who’s That? Location: Cotton Bowl Price: $60 per Ticket Profit: $599,000 You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
frake smsalgebra Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 289 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: February 20, 2008 This Presentation is Public Favorites: 0 Presentation Description Algebra produce a rock concert project Comments Posting comment... Premium member Presentation Transcript Hello. We are your friendly Concert Consulting agency Ping Guo Pie (apple pie): Hello. We are your friendly Concert Consulting agency Ping Guo Pie (apple pie)Location Chooses Seating Capacity: Location Chooses Seating Capacity The Cotton Bowl Seating capacity- 25,704 people The Starplex Amphitheater Seating capacity-20,111Revenue Model: Revenue Model We assumed ticket price was $20 Our Model was: Revenue = price x number of tickets sold If n= number of tickets sold R=20n was our equation Revenue Model: Revenue Model Revenue Model: Revenue ModelTask 2: Cost Model: Task 2: Cost Model Fixed Costs (F) Costs that stay the same no matter how many tickets are sold. Band Arena Other (advertising & ticket agency) Arena Cost: Arena CostBand Cost : Band Cost Other Costs : Other Costs Ms. Teak at the Cotton bowl fixed prices : Ms. Teak at the Cotton bowl fixed prices - Ms Teak $75,000 - Cotton Bowl + $75,000 - Other + $55,000 Total $205,000 Dixie Chickens at the Starplex Amphitheater : Dixie Chickens at the Starplex Amphitheater Dixie Chickens $88,000 Starplex + $60,000 Other + $55,000 Total $203,000 Dixie Chickens at the Cotton Bowl: Dixie Chickens at the Cotton Bowl Dixie Chickens $88,000 Cotton Bowl + $75,000 Other + $55,000 Total $218,000 Variable Costs (V) & Unit Rate : Variable Costs (V) & Unit Rate Variable Costs (V) Costs that vary as the number of tickets sold varies. Another way to look at the cost of your fixed costs is Unit Rate Unit Rate is if each person had to pay their fair share of this cost how much would it be? Variable Cost ModelAssume 15,000 Attend : Variable Cost Model Assume 15,000 Attend Slide17: Variable costs =unit rate times number of tickets sold or V= mn where m = unit rate and n= number of tickets sold Total Costs (C) C = V+F C = mn+FMs. Teak at the Cotton Bowl: Ms. Teak at the Cotton BowlDixie chickens at the Starplex: Dixie chickens at the StarplexDixie Chickens at Cotton Bowl: Dixie Chickens at Cotton BowlCost Model Ms. Teak at the Cotton Bowl: Cost Model Ms. Teak at the Cotton BowlDixie Chickens at the Starplex : Dixie Chickens at the Starplex Dixie Chickens at Cotton Bowl : Dixie Chickens at Cotton Bowl Sam thinks we should get a 100!Enjoy the rest of our WONDERFUL project……..(It deserves a 100!!) : Sam thinks we should get a 100! Enjoy the rest of our WONDERFUL project…….. (It deserves a 100!!) Task 5: Task 5 Now it is time to find figure out the what band, location, and price per ticket will give the largest profit. Slide26: Starplex Amphitheater Cotton Bowl Survey InformationSlide27: Linear Regression: n = -248.21p + 28571.43 Linear Regression: n = -146.43p + 21428.57Slide28: With the information and equations that we have collected through the course of the project, we can now figure out the best ticket price and maximum profit for each band at each arena and compare them to choose the one that can give the highest profit.Final Results!!!: Final Results!!! Band: Who’s That? Location: Cotton Bowl Price: $60 per Ticket Profit: $599,000