EXERCISE SET 1: Follow the instructions, answer the questions. 1. The highest grossing Harry Potter movie was Harry Potter and the Deathly Hallows, Part 2 (released in 2011) grossing $381,193,157. The average ticket price in 2011 was $7.93. Adjust gross earnings for this movie to 2018 standards when ticket prices were $9.11 by following the steps and filling in the blanks below. (a) First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) x 100 = (b) Type a sentence to interpret the meaning of this. Review pages 5 and 6 for some examples. (c) Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. INCLUDE UNITS in you answer. 7 (a) Would it have made more than any of the 2018 movies in the above list. If so, type the names of the those movies below and how much more it would have made. Otherwise, type none and indicate how far away it was from making the list. 2. Your grandparents loved The Sound of Music, and in typical fashion they think it is better than all the trash that comes out today. Compare the box office of The Sound of Music with Star Wars: The Force Awakens. The Sound of Music was released in 1965 when the average ticket price was $1.01 and grossed $159,287,539. For your comparison, adjust the earnings for The Force Awakens to 1965 standards. (a) First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) = x 100 = (b) Type a sentence to interpret the meaning of this. (c) Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. INCLUDE UNITS in you answer. (d) Which movie did better by 1965 standards? By how many 1965 dollars and cents? Type a sentence explaining this below. 3. Charlie Chaplin wrote, produced, directed, and starred in Modern Times in 1936, widely considered one of the greatest movies ever made. It grossed $1,400,000. The average movie ticket price in 1936 was 25 cents. (If you have any great-grandparents, they'll tell you.) How would Black Panther compare to Modern Times if Modern Times had been released in 2018? Adjust the earnings of Modern Times to 2018 standards. (a) First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) x 100 = (b) Type a sentence to interpret the meaning of this. (c) Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. INCLUDE UNITS in you answer. (d) Which movie did better by 2018 standards? By how many 2018 dollars and cents? Type a sentence explaining this below. 4. The movie Wonder Woman earned $412,563,408 in the U.S. in 2017 The original Superman movie earned $134,218,018 in 1978. The average movie ticket price in 1978 was $2.34. Adjust the earnings of both moves to 2015 standards and type a sentence indicating which movie would have done better in 2015. (a) Adjustment for Wonder Woman: i. First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) x100= ii. Type a sentence to interpret the meaning of this, iii. Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. INCLUDE UNITS in you answer. (b) Adjustment for the original Superman: i. First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) x 100 ii. Type a sentence to interpret the meaning of this. iii. Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. INCLUDE UNITS in you answer. (c) Type a sentence explaining which movie did better by 2015 stan- dards and by how many 2015 dollars and cents, 5. Search the world wide web to find the year, the average ticket price for that year, and U.S. gross earnings of your favorite movie. Compare its earnings to The Goodbye Girl. The Goodbye Girl was released in 1977 and had a U.S. gross of $82,000,470. The average ticket price in 1977 was $2.23. Adjust the earnings of your favorite move to 1977 standards for your comparison. INCLUDE UNITS whenever appropriate. (a) Your favorite movie: (6) Release year: (c) Average movie ticket price for above year: (d) Gross domestic earnings of your favorite movie: (e) Now adjust its earnings to 1977 standards: i. First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) x 100 ii. Type a sentence to interpret the meaning of this. iii. Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. (1) Which did better by 1977 standrads? By how many 1977 dollars and cents? Type your answer below. EXERCISE SET 1: Follow the instructions, answer the questions. 1. The highest grossing Harry Potter movie was Harry Potter and the Deathly Hallows, Part 2 (released in 2011) grossing $381,193,157. The average ticket price in 2011 was $7.93. Adjust gross earnings for this movie to 2018 standards when ticket prices were $9.11 by following the steps and filling in the blanks below. (a) First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) x 100 = (b) Type a sentence to interpret the meaning of this. Review pages 5 and 6 for some examples. (c) Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. INCLUDE UNITS in you answer. 7 (a) Would it have made more than any of the 2018 movies in the above list. If so, type the names of the those movies below and how much more it would have made. Otherwise, type none and indicate how far away it was from making the list. 2. Your grandparents loved The Sound of Music, and in typical fashion they think it is better than all the trash that comes out today. Compare the box office of The Sound of Music with Star Wars: The Force Awakens. The Sound of Music was released in 1965 when the average ticket price was $1.01 and grossed $159,287,539. For your comparison, adjust the earnings for The Force Awakens to 1965 standards. (a) First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) = x 100 = (b) Type a sentence to interpret the meaning of this. (c) Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. INCLUDE UNITS in you answer. (d) Which movie did better by 1965 standards? By how many 1965 dollars and cents? Type a sentence explaining this below. 3. Charlie Chaplin wrote, produced, directed, and starred in Modern Times in 1936, widely considered one of the greatest movies ever made. It grossed $1,400,000. The average movie ticket price in 1936 was 25 cents. (If you have any great-grandparents, they'll tell you.) How would Black Panther compare to Modern Times if Modern Times had been released in 2018? Adjust the earnings of Modern Times to 2018 standards. (a) First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) x 100 = (b) Type a sentence to interpret the meaning of this. (c) Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. INCLUDE UNITS in you answer. (d) Which movie did better by 2018 standards? By how many 2018 dollars and cents? Type a sentence explaining this below. 4. The movie Wonder Woman earned $412,563,408 in the U.S. in 2017 The original Superman movie earned $134,218,018 in 1978. The average movie ticket price in 1978 was $2.34. Adjust the earnings of both moves to 2015 standards and type a sentence indicating which movie would have done better in 2015. (a) Adjustment for Wonder Woman: i. First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) x100= ii. Type a sentence to interpret the meaning of this, iii. Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. INCLUDE UNITS in you answer. (b) Adjustment for the original Superman: i. First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) x 100 ii. Type a sentence to interpret the meaning of this. iii. Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. INCLUDE UNITS in you answer. (c) Type a sentence explaining which movie did better by 2015 stan- dards and by how many 2015 dollars and cents, 5. Search the world wide web to find the year, the average ticket price for that year, and U.S. gross earnings of your favorite movie. Compare its earnings to The Goodbye Girl. The Goodbye Girl was released in 1977 and had a U.S. gross of $82,000,470. The average ticket price in 1977 was $2.23. Adjust the earnings of your favorite move to 1977 standards for your comparison. INCLUDE UNITS whenever appropriate. (a) Your favorite movie: (6) Release year: (c) Average movie ticket price for above year: (d) Gross domestic earnings of your favorite movie: (e) Now adjust its earnings to 1977 standards: i. First, find the correct index number to use. Put the appropriate years on the first two blanks (the second blank is the subscript for the base year), followed by the proper ratio, and finally the index number rounded to two decimal places. index) x 100 ii. Type a sentence to interpret the meaning of this. iii. Adjust the earnings below. Show your work on the blank on the left and the adjusted amount on the right, rounded to the nearest cent. (1) Which did better by 1977 standrads? By how many 1977 dollars and cents? Type your answer below