Concept explainers
In 2014, the average ticket price for top rock concerts, adjusted for inflation, had increased by 77% since 1995. This was greater than the percent increase in the cost of tuition at private four-year colleges during the same time period. The bar graph shows the average ticket price, in 2015 dollars, for rock concerts in 1995 and 2014.
In 1995, the average ticket price, in 2015 dollars, for a rock concert was $40.36. On average, this has increased by approximately $1.63 per year since then.
a. Write a formula for the nth term of the arithmetic sequence that describes the average ticket price, in 2015 dollars, for rock concerts n years after 1994.
b. Use the model to project the average ticket price, in 2015 dollars, for rock concerts in 2020.
Want to see the full answer?
Check out a sample textbook solutionChapter 11 Solutions
ALGEBRA AND TRIGONOMETRY WITH INTEGRATED
- What is the total effect on the economy of a government tax rebate of $1,000 to each household in order to stimulate the economy if each household will spend 90% of the rebate in goods and services?arrow_forwardStock Market During the week of June 22, 2009, the closing numbers of the Dow Jones Industrial Average each day were: What was the overall change for the week? Was it positive or negative?arrow_forwardU.S. Census data shows that the median price of new home in the United States in November 2014 was $280,900. This was $10,700 more than 14 times the price in November 1964. What was the median price of a new home in November 1964?arrow_forward
- US Census data shows that the median price of new home in the U.S. in November 2014 was $280,900. This was $10,700 more than 14 times the price in November 1964. What was the median price of a new home in November 1964?arrow_forwardA tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables area increased when the drop leaves shaded area increased. Give the answer to the nearest whole percent.arrow_forwardThe cost of one dozen cutters is listed as $525. A multiple discount of 12% and 8% is applied to the purchase. Determine the net (selling) price of the cutters.arrow_forward
- An earthquake measuring 6.4 on the Richter scale struck Japan in July 2007, causing extensive damage. Earlier that year, a minor earthquake measuring 3.1 on the Richter scale was felt in parts of Pennsylvania. How many times more intense was the Japanese earthquake than the Pennsylvania earthquake?arrow_forwardOn the first part of a 350-kilometer trip, a salesperson travels 2 hours and 15 minutes at an average speed of 100 kilometers per hour. The salesperson needs to arrive at the destination in another hour and 20 minutes. Find the average speed required for the remainder of the trip.arrow_forward
- Algebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage LearningMathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,Algebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
- Elementary Geometry For College Students, 7eGeometryISBN:9781337614085Author:Alexander, Daniel C.; Koeberlein, Geralyn M.Publisher:Cengage,Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell