An outdoor amphitheater has 25,000 seats. Ticket prices are $15, $17, and $25 and the number of tickets priced at $17 must equal two times the number priced at $25 How many tickets of each type should be sold (assuming all seats can be sold) to bring in $434,500? Set up a system of equations and solve using inverse matrix method.
a) Let x = _____________________________________
y = _____________________________________
z = _____________________________________
b) Write the equations associated with the above problem:
x+y+z=25000
15x+17y+25z=434500
y=2z
c) Write the matrix equation associated with the above problem:
d) The solution is (use matrix algebra):
Number of $15 tickets: 11,179
Number of $17 tickets: 9,214
Number of $25 tickets: 4,607
e) If you change the ticket prices to $8, $12, and $20 and now must bring in $256,000, the new solution is:
Number of $8 tickets: ____________________
Number of $12 tickets: _________________
Number of $20 tickets: ________________