Question

Four teams will receive prize money based on their ticket sales. The total prize amount to be apportioned is $63. Determine the standard divisor based on the ticket sales. The ticket sales are: Applejacks: 66 tickets sold Broncos: 769 tickets sold Colts: 652 tickets sold Deers: 556 tickets sold Calculate the standard divisor to two decimal places.

Answer 1

The standard divisor can be calculated by dividing the total prize amount by the total number of tickets sold.

Step-by-step explanation:

To find the standard divisor, we need to divide the total prize amount by the total number of tickets sold. The total prize amount is $63, and the total number of tickets sold is 66 + 769 + 652 + 556 = 2043. Therefore, the standard divisor is calculated as:

Standard divisor = Total prize amount / Total number of tickets sold

Standard divisor = $63 / 2043 = $0.03 (rounded to two decimal places)

Answer 2

32.43

Step-by-step explanation:

To get the standard divisor

We sum up the tickets sold

Applejack's = 66 tickets

Broncos = 769 tickets

Colts = 652 tickets

Deers = 556 tickets

The total prize amount = $63

Total tickets = 66 + 769 + 652 + 556 = 2043

Standard divisor = 2043/63

= 32.43

The standard divisor to two decimal places is 32.43