Final answer:
Paul Whiteman's 1924 concert was intended to demonstrate the potential of jazz as serious concert music.
Step-by-step explanation:
The statement is True. Paul Whiteman's 1924 concert, known as the 'Experiment in Modern Music,' was intended to demonstrate the potential of jazz as serious concert music. Whiteman, a popular bandleader of the time, brought together a larger orchestra with black and white musicians to perform a mix of jazz and classical music. This concert was significant as it showcased jazz to a wider audience and helped legitimize it as an art form in the eyes of the public.