Question

In: Statistics and Probability

A basketball team sells tickets that cost​ $10, $20,​ or, for VIP​ seats,​ $30. The team...

A basketball team sells tickets that cost​ $10, $20,​ or, for VIP​ seats,​ $30. The team has sold 3401 tickets overall. It has sold 176

more​ $20 tickets than​ $10 tickets. The total sales are ​$66,100. How many tickets of each kind have been​ sold?

How many​ $10 tickets were​ sold?----------------

How many​ $20 tickets were​ sold?--------------------

How many​ $30 tickets were​ sold?--------------------

.

Solutions

Expert Solution

Let us consider

X1: number of tickets sold for $10

X2: number of tickets sold for $20

X3: number of tickets sold for $30

The team has sold 3401 tickets overall that is,

X1 + X2 +X3 = 3401

It has sold 176 more $20 tickets than $10 tickets.

That is, X2 = X1 + 176

The total sales are $66100

Total sale means number of ticket multiply with price, that is

10X1 + 20X2 + 30X3 = 66100

Plug,  X2 = X1 + 176 in both equations that is the first becomes

Equation of total sale becomes,

Divides both side by 10

Now solve both the equations simultaneously that is and  

Multiply first equation by -3 and then add them both

Now add both the equations,

3X1+3X3 = 6258

-6X1 - 3X3 = -9675

----------------------------

3X1 - 6X1 = 6258 - 9675 => -3X1 = -3417

Divide both sides by -3,

X1 = 1139

X2 = X1 + 176 = 1139 + 176 = 1315

X1 + X2 +X3 = 3401 => 1139 + 1315 + X3 = 3401 => 2454 + X3 = 3401

Subtract 2454 from both sides,

X3 = 947

Therefore, Number of $10 tickets sold = X1 = 1139

Number of $20 tickets sold = X2 = 1315

and Number of $30 tickets sold = X3 = 947


Related Solutions

A basketball team sells tickets that cost $10, $20 or, for VIP seats, $30. The team...
A basketball team sells tickets that cost $10, $20 or, for VIP seats, $30. The team has sold 3266 tickets overall. It has sold 238 more $20 tickets than $10 tickets. The total sales are $64,850. How many tickets of each kind have been sold?
A basketball team sells tickets that cost​ $10, $20,​ or, for VIP​ seats,​ $30. The team...
A basketball team sells tickets that cost​ $10, $20,​ or, for VIP​ seats,​ $30. The team has sold 33233323 tickets overall. It has sold 322322 more​ $20 tickets than​ $10 tickets. The total sales are ​$65 comma 87065,870.How many tickets of each kind have been​ sold? A. How many $10 tickets were sold? B. How many $20 tickets were sold? C. How many $30 tickets were sold?
A basketball team sells tickets that cost​ $10, $20,​ or, for VIP​ seats,​ $30. The team...
A basketball team sells tickets that cost​ $10, $20,​ or, for VIP​ seats,​ $30. The team has sold 3381 tickets overall. It has sold 209 more​ $20 tickets than​ $10 tickets. The total sales are ​$65,830. How many tickets of each kind have been​ sold? $10 tickets sold __ $20 tickets sold? __ $30 tickets sold?__
4. An airline sells 338 tickets for a flight to Manila which has 335 seats. It...
4. An airline sells 338 tickets for a flight to Manila which has 335 seats. It is estimated that 98% of all ticketed passengers show up for the flight. Find the probability that the flight will depart with (at least one) empty seats? (10)
1. The Houston Robots basketball team receives $5,000 for season tickets on August 1. By December...
1. The Houston Robots basketball team receives $5,000 for season tickets on August 1. By December 31, they have earned $2,000 of the revenue. The adjusting entry to be made on December 31 by the Houston Robots include a: A. credit to Unearned Revenue of $2,000. B. debit to Service Revenue of $2,000. C. debit to Unearned Revenue of $2,000. D. credit to Prepaid Revenue of $3,000. 1. On October 1, Blues Company paid $12,000 for one year of insurance,...
Because not all airline passengers show up for their reserved seats, an airline sells 125 tickets...
Because not all airline passengers show up for their reserved seats, an airline sells 125 tickets for a flight that holds only 120 passengers. The proportion that a passenger does not show up is 10%, and the passengers behave independently. [Think Binomial Dist.] a. What is the proportion that every passenger who shows up gets a seat? b. What is the proportion that the flight departs with empty seats? c. What are the mean and standard deviation of the number...
(20) A college football team is a monopoly in setting price for season tickets. Demand for...
(20) A college football team is a monopoly in setting price for season tickets. Demand for season tickets is P = 25 – 0.005Q, where P is price of a season ticket and Q number of season tickets (one season ticket admits a person to all home games).   Marginal cost of supplying another season ticket is MC = 10 per seat. Use a graph to illustrate all answers. Explain your work. Find the profit-maximizing ticket price and quantity if the...
Classes (Percentage) No of Students 0 < 10 10 10 < 20 20 20 < 30...
Classes (Percentage) No of Students 0 < 10 10 10 < 20 20 20 < 30 25 30 < 40 15 40 < 50 20 50 < 60 35 60 < 70 45 70 < 80 10 80 < 90 15 90 < 100 5 2.1 Determine the: 2.1.1 Mean number of marks (1 mark) 2.1.2 Median number of marks 2.1.3 Modal number of marks 2.2 Calculate the standard deviation
Write a program in C++ to keep statistics for a basketball team consisting of 10 players...
Write a program in C++ to keep statistics for a basketball team consisting of 10 players using parallel arrays. The stats for each player should include the total points, shots attempted, shots made, free throw attempts, free throws made, rebounds, assists, and turnovers. Use functions to perform the following: Calculate the shooting percentage Calculate free throw percentage Print the player's names, shooting percentage, free throw percentage, rebounds, assists, and turnovers. After each player, use "endl" to skip to a new...
5. A flight from New York to Atlanta has 146 seats. Advance tickets purchased cost $74....
5. A flight from New York to Atlanta has 146 seats. Advance tickets purchased cost $74. Last-minute tickets cost $114. Demand for full-fare tickets is normally distributed with a mean of 92 and standard deviation of 30. What booking limit maximizes expected revenues? Assume there are no no-shows and always enough advanced purchasers to fill the flight.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT