The circle graph shows the number of times a group of survey respondents watched the news in the past week. If the number of respondents in the study was approximately 34,000, how many stated that they watched the news 5-6 times in the last week? How would you work out this equation to get the answer provided?
C) The UCC football team has added a national power to next year’s schedule. The other team has agreed to play the game for a guaranteed fee of $350,000 plus 30 percent of ticket revenues. Assume that all tickets will be sold for $25.
a) How many tickets must be sold in order to recover the $350,000 guarantee?
b) If college official wish to net a profit of $500,000 from the game, how many tickets must be sold?
c) If a sellout of 50,000 fans is assured, what ticket price would allow the university to earn the desired profit of $500,000?
Assuming a sellout of 50,000 tickets, what would total profit equal if the tickets are priced at $25?
As you study Statistics and Probability, dealing with quantitative data is inevitable. As a rule, it makes it extremely difficult to handle such tasks if you do not have correct quantitative data examples.
Have a look at our list of questions where various equations are included. These answers will help you learn the structure and avoid the most common mistakes. Regardless if you need Statistical report for your course or just want to refresh your memory a little bit, these examples will be of help to you!