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Ask students if they have been to a concert or a similar event before. Invite students to share what the experience was like. For example, where was the event? Were there a lot of other people? Who was performing?
Then ask students what they would need to think about if they were planning a concert. After some quiet think time, ask students to share their ideas with a partner. Then invite students to share their thoughts, and record the ideas for all to see. Possible responses include:
For each item that students suggest, ask whether it represents something that costs the organizers money or makes the organizers money. Some items may do both—for example, the organizers need to pay the band, but the band is also the reason the audience is paying money for tickets. In this case, the band probably brings in more money than they are paid so, overall, paying the band is not a cost. Remind students that profit is the amount the organizers make minus the amount they pay out. Tell students that, in this task, they plan a concert themselves.
| Defining the Question | Source of the Data | Quantities of Interest | Amount of Data Given | The Model | Average |
|---|---|---|---|---|---|
| 2 | 2 | 1 | 2 | 2 | 1.80 |
A charity is raising money by having a concert. You are helping to plan the concert. You need to decide where the concert should take place and how much the tickets should cost. You also need to predict how much profit the charity makes from the concert.
The charity has collected some data about ticket prices. They chose 100 people at random and asked them, “What is the most that you would pay for a ticket to a charity concert?” Here are the responses:
| ticket price ($) | number of people who would pay this amount |
|---|---|
| 10 | 15 |
| 20 | 22 |
| 30 | 13 |
| 40 | 15 |
| 50 | 17 |
| 60 | 15 |
| 65 | 3 |
You can use this information to find out which ticket price brings in the most money. Here is how:
After you have decided on a ticket price, here are some other questions to think about:
Create a presentation to explain your plan and your reasoning to the charity’s directors. Include an estimate of the costs and the profit.
| Defining the Question | Source of the Data | Quantities of Interest | Amount of Data Given | The Model | Average |
|---|---|---|---|---|---|
| 2 | 2 | 1 | 2 | 1 | 1.60 |