Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Of all teams, for 2006, determine who had the most expensive soft drink per ounce. What was the price per ounce, in dollars. The Fan

Of all teams, for 2006, determine who had the most expensive soft drink per ounce. What was the price per ounce, in dollars. image text in transcribed
The Fan Cost Index (FCI), compiled by Team Marketing Report, tracks the cost for a family of four to attend a professional sporting event. The FCI includes the prices of 2 average- price adult tickets, 2 average price child tickets, 4 small soft drinks, 2 small other drinks, 4 regular-size hot dogs, parking for 1 car, 2 game programs, and 2 least expensive, adult-size adjustable caps. The Average Ticket Price in the following tables represents the average cost of a ticket for each member of the family. The FCI for each Texas team in professional baseball, basketball, and football for 2006 and 2007 is shown in the following two tables. The Soft Drink column includes the price of 1 drink and its size in ounces. 2006 Fan Cost Index Team Avg. Ticket Price Soft Drink (size in oz) Other Drink Hot Dog Parking Program Cap FCI Rangers 15.81 2.50 8.00 5.00 10.00 134.24 Astros 26.66 4.00 10.00 4.00 11.00 Spurs 45.88 2.75 (16) 6.00 4.00 (21) 7.00 3.75 (24) 6.25 2.75 (12) 14.00 4.00 (22) 5.75 4.00 10.00 5.00 18.00 Mavericks 283.02 54.24 4.00 20.00 6.00 15.00 Rockets 38.64 4.25 15.00 Cowboys 20.00 66.12 3.50 (32) 5.00 3.50 12.00 5.00 Texans 56.97 10.00 3.25 (21) 344.48 6.00 5.00 15.00 5.00 20.00 (Compiled from www.teammarketing.com) Of all the teams, for 2006, determine who had the most expensive soft drink per ounce. What was the price per Ounce, in dollars

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Behavioral Finance Psychology Decision-Making and Markets

Authors: Lucy Ackert

1st edition

324661177, 978-0538752862, 538752866, 978-1111781675, 1111781672, 978-1133455486, 978-0324661170

More Books

Students also viewed these Finance questions

Question

b. What would you advice the entrepreneur to do with his software?

Answered: 1 week ago