When ticket holders fail to attend, sports teams lose the money these fans would have spent...
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When ticket holders fail to attend, sports teams lose the money these fans would have spent on refreshments, souvenirs, etc. The percentage of fans who don't show up is 13% in basketball and hockey, 14% in football, and 21% in baseball. The lost revenue per fan is $18.15 in basketball, $18.28 in hockey, $19.16 in football, and $15.58 in baseball. The total annual lost revenue is $21.7 million in basketball, $35.7 million in hockey, $50.6 million in football, and $91.2 million in baseball. Express this information in matrix form; specify what the rows and columns represent. Fill in the matrix below. Lost annual revenue (millions $) Basketball 13 21.7 18.28 Football 50.6 21 15.58 When ticket holders fail to attend, sports teams lose the money these fans would have spent on refreshments, souvenirs, etc. The percentage of fans who don't show up is 13% in basketball and hockey, 14% in football, and 21% in baseball. The lost revenue per fan is $18.15 in basketball, $18.28 in hockey, $19.16 in football, and $15.58 in baseball. The total annual lost revenue is $21.7 million in basketball, $35.7 million in hockey, $50.6 million in football, and $91.2 million in baseball. Express this information in matrix form; specify what the rows and columns represent. Fill in the matrix below. Lost annual revenue (millions $) Basketball 13 21.7 18.28 Football 50.6 21 15.58
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Filling the Matrix Basketball Percentage Lost fans Lost Revenue Per fanc dollar ... View the full answer
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