An arena receives $1,700 per event for 12 concerts. If the costs for this sponsorship total $14,000, what is the profit margin f
1 answer:
Answer:
The profit margin associated with the concert sponsorship is 31.3725 %
Step-by-step explanation:
The arena earns $1700 for a single event
Consequently, for 12 events, the arena gains
The total for 12 events equals 20400
The expenses for this sponsorship amount to $14,000
Thus, profit = 20400-14000
This calculates to profit =6400
To find the profit margin =
Profit margin is defined as
Thus, the profit margin for the concert sponsorship is 31.3725 %
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Answer:
a) 0.32
b) 0.68
c) Office or den
Step-by-step explanation:
a) The likelihood that a personal computer is located in a bedroom can be calculated by adding the probabilities of it being in an adult bedroom, child bedroom, or another bedroom:
b) The probability of a PC not being located in a bedroom is found by calculating 100% minus the probability of it being in a bedroom:
c) The expected location for finding a personal computer in a randomly selected household is derived from the room most likely to contain a PC according to Consumer Digest. The Office or den ranks as the most likely place with a probability of 0.40.
A PC would most likely be found in the Office or den.