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Mat 117 Appendix f

Mat 117 Appendix f

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Published by: NathanielandKenda Collier on Jun 23, 2012
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12/21/2012

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 Associate Level Materia
Appendix FTicket Sales
Living in or near a metropolitan area has some advantages. Entertainment opportunities are almost endlessin a major city. Events occur almost every night, from sporting events to the symphony. Tickets to theseevents are not available long and can often be modeled by quadratic equations.
Application Practice
 Answer the following questions. Use Equation Editor to write mathematical expressions and equations.First, save this file to your hard drive by selecting
Save As
from the File
 
menu. Click the white space beloweach question to maintain proper formatting.1.Suppose you are an event coordinator for a large performance theater. One of the hottest newBroadway musicals has started to tour and your city is the first stop on the tour. You need to supplyinformation about projected ticket sales to the box office manager. The box office manager uses thisinformation to anticipate staffing needs until the tickets sell out. You provide the manager with aquadratic equation that models the expected number of ticket sales for each day
 x 
. (
1
=
 x
is the daytickets go on sale).
11+12x+-0.2x
2
=
Tickets
a. Does the graph of this equation open up or down? How did you determine this?
The graph opens down due to the coefficient being negative of the term x^2 b. Describe what happens to the tickets sales as time passes. The sales will increase, reach a peak, and then decrease. Meaning the number of ticket sales will go down to zeroc. Use the quadratic equation to determine the last day that tickets will be sold.
 Note
. Write your answer in terms of the number of days after ticket sales begin.Set the equation to zero; 0=-0.2x^2 + 12x + 11Multiply by -5:x^2 - 60x - 55 = 0Quadratic formula:x = (-b +/- sqrt (b^2 - 4ac))/(2a)x = (60 +/- sqrt (60^2 - 4*-55))/2x = 60.903 or -0.903The negative solution doesn't make sense therefore:x = 60.903 days or about 61 days, or 60 days after x = 1 or the first dayThe last day with sales will be around day 60.d. Will tickets peak or be at a low during the middle of the sale? How do you know?
MAT/117

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