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In 2007, total revenues from sales of recorded rock, religious, and classical music amounted to \(\$ 4\) billion. Religious music brought in twice as much as classical music, and rock music brought in \(\$ 3\) billion more than religious music. \({ }^{12}\) How much revenue was earned in each of the three categories of recorded music?

Short Answer

Expert verified
The revenue earned in each of the three categories of recorded music is: - Rock music: \(\frac{17}{5}\) billion dollars - Classical music: \(\frac{1}{5}\) billion dollars - Religious music: \(\frac{2}{5}\) billion dollars

Step by step solution

01

Write down the equations based on the given information

We can write the following equations based on the given information: 1. \(R + C + E = 4\) (Total revenues amount to \(\$ 4\) billion) 2. \(E = 2C\) (Religious music brought in twice as much as classical music) 3. \(R = E + 3\) (Rock music brought in \(\$3\) billion more than religious music)
02

Solve the system of equations

First, we can use equation (2) to eliminate E from equations (1) and (3). We'll substitute \(E = 2C\) directly into these equations: 1. \(R + C + 2C = 4\) 3. \(R = 2C + 3\) Now we have two equations with two variables: R and C. We can rewrite equation (1) as: - \(R = 4 - 3C\) Next, we will solve for R by setting equations (3) and the equation above equal: - \(4 - 3C = 2C + 3\)
03

Solve for C

Now we have a linear equation with one variable, C. Solve for C: - \(4 - 3C = 2C + 3\) - \(-3C - 2C = 3 - 4\) - \(-5C = -1\) - \(C = \frac{1}{5}\) So the revenue for classical music was \(\frac{1}{5}\) billion dollars.
04

Find R and E using C

Now that we know the value of C, we can substitute it back into the previous equations to find the values of R and E: - \(R = 4 - 3C = 4 - 3(\frac{1}{5}) = 4 - \frac{3}{5} = \frac{17}{5}\) - \(E = 2C = 2(\frac{1}{5}) = \frac{2}{5}\) So, the revenue for rock music was \(\frac{17}{5}\) billion dollars, and the revenue for religious music was \(\frac{2}{5}\) billion dollars. The revenue earned in each of the three categories of recorded music is: - Rock music: \(\frac{17}{5}\) billion dollars - Classical music: \(\frac{1}{5}\) billion dollars - Religious music: \(\frac{2}{5}\) billion dollars

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Linear Equations
Linear equations are a fundamental concept in mathematics. They describe a straight-line relationship between two quantities. In a linear equation, each term is either a constant or a product of a constant and a single variable. The highest power of the variable is always one. This makes linear equations simpler to solve than non-linear ones.

Consider the equation form: \( ax + b = c \). Here, \( a \), \( b \), and \( c \) are constants. The variable \( x \) represents an unknown value we aim to determine. We often use linear equations in daily life to find out unknowns.

In the exercise above, three equations were formed based on the given conditions:s
  • \( R + C + E = 4 \)
  • \( E = 2C \)
  • \( R = E + 3 \)
These equations formed a system, which we solved to find out how much revenue each category of music earned. Each of these equations is linear, exhibiting the patterns we've discussed.
Revenue Calculation
Revenue calculation involves determining the income generated from different sources or categories. In the music industry, like in our example, it can be crucial to understand how different genres contribute to the overall earnings.

Revenue calculations help businesses analyze their profit streams. It assists in strategic planning and decision-making by showing which categories perform better financially. In our problem, the revenues for rock, religious, and classical music are interconnected. Our goal was to determine each category's share in the total revenue of \(4 billion.

To solve this, we used information like 'religious music earning twice as much as classical' and 'rock music earning \\)3 billion more than religious.' Calculating accurately helps allocate resources effectively and manage growth.
Substitution Method
The substitution method is a systematic approach used to solve systems of equations. It works by solving one equation for one variable and then substituting that expression into another equation.

In our exercise, we used the substitution method to unravel the system of equations efficiently:
  • Started by rearranging \( E = 2C \) to express \( E \) in terms of \( C \).
  • Substituted \( 2C \) for \( E \) in other equations \( R + C + 2C = 4 \) and \( R = 2C + 3 \).
This method streamlined the process, reducing the number of unknowns with each step. By substituting, we transformed a system of three equations into one with two variables and eventually, one variable. This simplification made it easier to solve for each variable one at a time. The substitution method is highly valuable for solving real-life problems in a clear, step-by-step manner.

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Most popular questions from this chapter

You manage an ice cream factory that makes three flavors: Creamy Vanilla, Continental Mocha, and Succulent Strawberry. Into each batch of Creamy Vanilla go eggs, 1 cup of milk, and 2 cups of cream. Into each batch of Continental Mocha go 1 egg, 1 cup of milk, and 2 cups of cream, while into each batch of Succulent Strawberry go egg, 2 cups of milk, and 1 cup of cream. You have in stock 350 eggs, 350 cups of milk, and 400 cups of cream. How many batches of each flavor should you make in order to use up all of your ingredients? HIIT [See Example 1.]

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