Question

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 showup is 21% in basketball and hockey, 12% in football, and 20% in baseball. The lost revenue per fan is $18.25 in basketball, $18.47 in hockey, $19.08 in football, and$15.59 in baseball. The total annual lost revenue is $23.2 million in basketball, $38.7 million in hockey, $53.3 million in football, and $94.6 million in baseball. Expressthis information in matrix form; specify what the rows and columns represent.Fill in the matrix below.BasketballFootball212018.4715.59Lost annual revenue (millions$)23.253.3

Answer 1

Basketball Hockey Football Baseball

percentage of fans who 21 21 12 20

don't show up (%)

lost revenue per fan ($) 18.25 18.47 19.08 15.59

total annual lost revenue (million $) 23.2 38.7 53.3 94.6