lee

38 %
63 %
Education

Published on February 20, 2008

Author: smsalgebra

Source: authorstream.com

Slide1:  By: Samuel Lee, Arjun Merchant, Sachit Shrivastav Sam Arteste A.K.A Sam the Scam:  Sam Arteste A.K.A Sam the Scam Sam Arteste is preparing for an upcoming concert and wants to decide what the ticket prices should be in order to make a decent profit What We Already Knew:  What We Already Knew Arena capacities Cotton Bowl: 25,704 Starplex Amphitheater: 20,111 Performer prices Who’s That: \$48,000 Ms. Teak: \$75,000 Dixie Chickens: \$88,000 What We Already Knew (Cont’d):  What We Already Knew (Cont’d) Arena prices Cotton Bowl: \$75,000 Starplex Amphitheater: \$60,000 Other costs Advertising: \$30,000 Ticket Agency: \$25,000 Variables Used:  Variables Used R = revenue p = price of tickets n = number of tickets V = variable costs F = fixed Costs m = unit rate for variable cost C = total cost P = profit Equations Used:  Equations Used R= pn V= mn C= V+F P= R-C What We Did:  What We Did To help Sam, we decided to make a profit model for each performing group at each location We did this by finding the revenue and the total costs and then placing those solutions into the equation P= R-C to find the profit Tables:  Tables Starplex Amphitheater Cotton Bowl Linear Regression: n= -248.21p+28,571.43 Linear Regression: n= -146.43p+21,428.57 Variable Costs:  Variable Costs Variable Costs were the costs that changed according to the number of ticket sales We calculated the unit rate, which was 4.5, for the equation V= mn Fixed Costs:  Fixed Costs Starplex Amphitheater Who’s That: \$163,000 Ms. Teak: \$190,000 Dixie Chickens: \$203,000 Fixed Costs:  Fixed Costs Cotton Bowl Who’s That: \$178,000 Ms. Teak: \$205,000 Dixie Chickens: \$218,000 Next Step to Solution:  Next Step to Solution After that, we calculated the revenue &amp; cost for each band at each location Then, we subtracted the revenue by the total cost using the equation P= R-C Who’s That at the Cotton Bowl:  Who’s That at the Cotton Bowl (60, \$584160.7) Profit Ms. Teak at the Cotton Bowl:  Ms. Teak at the Cotton Bowl (60, \$554160.7) Dixie Chickens at the Cotton Bowl:  Dixie Chickens at the Cotton Bowl (60, \$541160.7) Who’s That at the Starplex Amphitheater:  Who’s That at the Starplex Amphitheater (80, \$570428.6) Ms. Teak at the Starplex Amphitheater:  Ms. Teak at the Starplex Amphitheater (80, \$543428.6) Dixie Chickens at the Starplex Amphitheater:  Dixie Chickens at the Starplex Amphitheater (80, \$530428.6) Maximum Profit Earned:  Maximum Profit Earned Our Recommendation:  Our Recommendation Who’s That at the Cotton Bowl with \$60 per ticket Acknowledgements:  Acknowledgements Thanks for your time and hope we make your concert… THE CONCERT OF THE CENTURY!!!

 User name: Comment:

Related presentations

SMM Tutorial Course Online - ITTCD India

September 24, 2017

ОЛІМПІЙСЬКІ ВИДИ СПОРТУ

September 24, 2017

Ben Folds Author , Inspirational Quotes | Music Wr...

September 24, 2017

September 21, 2017

QA Training Online Courses for Beginners

September 23, 2017

International Schools Services - ISS Managed Schoo...

September 23, 2017

Related pages

Offizieller LEE Jeans E-STORE | Offizieller LEE Jeans E-STORE

Jeans by LEE - Im offiziellen Lee Markenshop findet ihr eine große Auswahl an Jeans-Styles für jeden Fashion Typ. Kostenloser Versand und Rückversand.

Luv und Lee – Wikipedia

Luv und Lee benennen die Seiten eines Objekts in Bezug auf den Wind. Dabei ist Luv die dem Wind zugewandte und Lee die vom Wind abgewandte Seite.

Lee – Wikipedia

Lee bezeichnet: Leeseite, die dem Wind abgewandte Seite z. B. eines Segelschiffes oder Gebirges; Lee (Jeans), traditionsreiche Jeansmarke aus den USA

Lee Online-Shop | Lee versandkostenfrei bei Zalando

Lee bei Zalando | Große Auswahl + kostenloser Versand & kostenlose Servicehotline unter 0800 2401020. Jetzt Lee bei Zalando bestellen!

Lee, London - Wikipedia, the free encyclopedia

Coordinates. Lee (also Lee Green) is a suburban district of south east London, within the London Boroughs of Lewisham and Greenwich. It is located west of ...

Robert E. Lee - Wikipedia, the free encyclopedia

Robert Edward Lee (January 19, 1807 – October 12, 1870) was an American soldier known for commanding the Confederate Army of Northern Virginia in the ...

Apparel for men and Women | LEE Official Online Shop | LEE ...

Shop the official Lee online store for a variety of designer jeans, shorts, shirts and more. Experience why Lee has been a popular brand since 1889.

Jeans | Apparel for Men and Women | Lee Official Site

Shop the official Lee online store for a variety of designer jeans, shorts, shirts and more. Experience why Lee has been a popular brand since 1889.