Solved by verified expert:The County Fair has
usually been held in mid July each year. I wonder if this is the best
time? Your committee will need to analyze all the data to determine when
to have the fair and how much to charge.For the county fair to at least break even your committee will need to determine the price of the various events.While
the space for the fair was donated, you still have to pay for set up
and take down, clean up each day, security, parking attendants, and
other services.The vendors who will sell food will set
the prices for individual items but you need to determine how much you
will charge each vendor for the amount of space you are allowing them.To
make the best determination for the fair, you will first need to
analyze the data that has been collected from previous fairs.This
includes number of people attending, weather that would affect
attendance and ticket sales, ticket sales, vendor fees collected, and
other data. Use your plan from the Task to help you.Step-by-step directions to complete this task are in the worksheet:Analyze the data tables on the worksheet, answering the questions for each one.After you
have completed all the analysis and answered all the questions on the
worksheet, you are ready to make some recommendations on the following:Price to charge vendorsSmall food vendors Large concession stand food vendors including food trucksNumber of rides, types of rides, and number of projected tickets needed to be sold to increase the income from rides by 1.75
mat099_module_2_worksheet.docx
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MAT099 Module 2 Decimals Worksheet
The County Fair has usually been held in mid July each year. I wonder if this is the best
time? Your committee will need to analyze all the data to determine when to have the fair
and how much to charge.
1. Analyze the data tables below, answering the questions for each one.
Climate data for the County
Month
Average high °F (°C)
Average low °F (°C)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
45
52
60
72
80
85
90
90
80
72
54
45
?
26
32
46
54
57
68
74
74
65
54
42
38
?
2.25
.70
.18
.08
.02
.09
.30
.28
1.02
1.59
?
(?)
2.60 2.54
Precipitation inches (mm) (66) (64.5) (57.2) (17.8) (4.6) (2) (0.5) (2.3) (7.6) (7.1) (25.9) (40.4)
•
Calculate the average high temperature for the year for the county based on the data
given in the table. The average should be rounded to the nearest hundredth decimal
place. (show work)
•
Calculate the average low temperature for the year for the county based on the data
given in the table. The average should be rounded to the nearest hundredth decimal
place. (show work)
•
Calculate the average rainfall for the year for the county based on the data given in
the table. The average should be rounded to the nearest hundredth decimal place.
Calculate the amount first in inches and then convert to mm. (show work)
•
Based on the data presented in the table, what would be the best month to have the
fair? Explain your reasoning.
•
What month could there be a decrease in attendance due to temperature?
•
What month could there be a decrease in attendance due to rainfall?
2. Analyze the attendance data in the table below.
a. Calculate the average attendance for all the years shown.
Year Attendance
2014
10,300
2012
11, 230
2011
10, 200
2010
10,000
2009
9,600
2008
9,800
2007
10,000
2006
9,833
2005
9,987
Year Attendance
2004
9,634
2003
8,815
2002
2001
2000
1999
1998
1997
AVG
8,981
8,433
8,088
7,245
7,230
7,859
?
b. Is the data consistent year after year? Please explain any patterns or changes you see
in the data.
c. What might have occurred in 2012 to account for the highest number in attendance?
Why might the attendance gone down in 2014?
d. Based on the analysis of past attendance, what might you expect this year?
3. To determine what to charge the food vendors, analyze the table below for standard
pricing that has been used at other fairs. Decisions of how much space you have will
determine what prices you will ultimately choose.
Outside Cost per
day
8ft x 8ft In-line $400.00
8ft x 8ft Corner $430.00
8ft x 10ft In$460.00
line
8ft x 10ft
$485.00
Corner
8ft x 15ft Inline
8ft x 15ft
Corner
9ft x 10ft In$520.00
line
Size
Food Truck
Space
Average amount made
per day
$1800
$2000
$2400
$2600
$520.00
$550.00
$2800
$3000
$3500
9ft x 10ft
$550.00
Corner
10ft x 10ft In$520.00
line
10ft x 10ft
$550.00
Corner
$3700
$550.00
$575.00
$4000
$4500
Some fairs charge a percent of the amount the vendor takes in rather than charging for a
site. If a vendor was charged 25% of its total take for one day of the event, and they made
on average the amount indicated beside each space, would it be more profitable or the fair
committee than if you just charge the flat fee?
•
Example:
First Calculate what 25% of 1800 is by multiplying 1800 by the decimal .25 which is
the same as 25%.
.25 X 1800 = 450
2. Now compare the cost per day for the 8 X 8 Inline space to the 25% of intake.
The base charge per day is $400. The amount the vendor would pay if they had to
give 25% of what they took in to the fair committee would be $450. So it is probably
less for them to pay a flat rate. But it is a better deal for the Fair committee to take
the 25%.
Work out this same relationship for each of the size spaces for the different vendors. Show
your work for each.
What recommendation would you make to the Fair Committee? Charge a flat fee based on
size of space or charge each vendor 25% of their sales regardless of the size of their space?
Why?
4. Now you need to determine how much you will most likely receive from the ride
operators. They will not only use up a large space at the fair but will also need electricity
that you will be supplying. Use the information below to determine how much the fair will
likely make in one day on the rides.
In general fairs charge around $40 additional per day for electricity.
Your committee has already decided to not charge an additional fee for space but
will take 20% of ride ticket sales.
Ride
Dizzy Dino (kiddy
Ride)
Merry Go Round
Rental Cost for 4
day fair
$3500
$3500
Ferris Wheel
Double Ferris Wheel
Roller Coaster
Train (kiddy ride)
$5000
$5000
$5000
$3500
Bumper Cars
Swings
Tilt a Whirl
Gravitron
$5000
$5000
$5000
$6500
Average # of tickets sold per
day last year
12000 (children and adults
with young children)
12000 (children and adults
with young children)
20000
20000
15000
12000 (children and adults
with young children)
10000
10000
15000
20000
There is expected to be 10000 people per day at the four day event. About one third
(1/3) of these are children. However, the most of the children require an adult to
ride with them.
Tickets cost $1 each for both child and adult fare.
a. Calculate the total cost of renting the rides for the fair ______________________.
All children’s rides take one ticket each.
All adult rides take two tickets each (except the Gravitron)
The Gravitron takes 3 tickets
b. How many people rode rides last year based on how many tickets it took to ride
each ride? _______________________________________________.
c. If you want to sell 1.75 as many tickets this year than you sold last year, how
many tickets would you have to sell in total?
To set up the problem to determine this:
Multiply 1.75 X the total number of tickets sold last year
d. Is it reasonable to rent the same rides at the price listed or would you change the
rides or number of children and adult rides? Why?
5. Now that you have completed all the analysis and answered all the questions on the
worksheet, you are ready to make some recommendations on the following:
FOOD VENDORS
Small Food
Vendors
Large Food
Vendors and Food
Trucks
RECOMMENDATION
REASONING
Fill in the table below with the recommended number of rides for each level based on
projected ticket sales. Remember you want to attract the largest number of visitors but
also want to take in the most money by selling the largest number of tickets.
RIDE TYPE
Children’s
Adult
Super Size
NUMBER RECOMMENDED
…
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