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Use the explicit formula for an arithmetic sequence with a=18 and d=3.
Find the number of seats in the 20th row using the answer from Part A. Then, use the first and last term in the sum of a finite arithmetic series formula to calculate the total number of seats.
When both the costs and the number of seats vary, it is a good idea to organize the information in a table.
∑_(n=1)^(20)(15+3n)
930 seats
$46 950
Before we write an arithmetic series we need to find the arithmetic sequence that models the number of seats in each row. Let's recall the explicit formula for an arithmetic sequence.
a_n=a+(n-1)d
The number is seats in the nth row is given by the above formula. Let's use it to write an arithmetic series in summation notation. Since the theater has 20 rows, the lower and upper limits are 1 and 20, respectively. ∑_(n=1)^(20)(15+3n)
We can use the explicit formula obtained in Part A to find the last term in the series. Once we have that, we can find the sum using the Sum of Finite Arithmetic Series formula. Since the theater has 20 rows, the last term of the series can be obtained by substituting n=20 in the formula a_n=15+3n.
Let's now substitute a_1= 18, a_(20)=75, and n= 20 into the equation for the sum of series and find the value of the sum.
a_1= 18, n= 20
a_(20)= 75
There are a total of 930 seats in the theater.
Since both the costs and the number of seats vary, it is a good idea to organize the information in a table. In this case, the cost per row will decrease by 5 as the row numbers increase by 5.
| Rows | Cost per Seat |
|---|---|
| 1-5 | $ 60 |
| 6-10 | $ 55 |
| 11-15 | $ 50 |
| 16-20 | $ 45 |
To find the total possible revenue for the theater at these prices we need to be explicit about the number of seats in each row. Let's add a column to our table that shows the total number of seats at each price point. To obtain the number of seats of each row, we use the formula a_n=15+3n and substitute the number of the row for n.
| Rows | Cost per Seat | Total Seats in Group |
|---|---|---|
| 1-5 | $ 60 | 18+21+24+27+30 =120 |
| 6-10 | $ 55 | 33+36+39+42+45 =195 |
| 11-15 | $ 50 | 48+51+54+57+60 =270 |
| 16-20 | $ 45 | 63+66+69+72+75 =345 |
We can now multiply the number of seats in each group of rows by the corresponding cost.
| Rows | Cost per Seat | Total Seats in Group | Revenue per Group |
|---|---|---|---|
| 1-5 | $ 60 | 120 | 60* 1202 = $ 7200 |
| 6-10 | $ 55 | 195 | 55* 195 = $ 10 725 |
| 11-15 | $ 50 | 270 | 50* 270 = $ 13 500 |
| 16-20 | $ 45 | 345 | 45* 345 = $ 15 525 |
Let's find the total revenue by adding the revenue from each group together. 7200+ 10 725+ 13 500+ 15 525= $ 46 950 A full house at these price points can generate a revenue of $46 950.