Slide 1

Music website Teacher resource 4.1

Slide 2

Use information gathered from the music website to develop your financial model

Answer a range of questions by creating formulae in your financial model

Test at least one prediction

Today you will:

Slide 3

1 How much does it cost to put on the concert?

2 How much profit will there be if the most expensive seats are £16

3 What is the maximum number of tickets as above which must be sold so as not to lose money?

4 How many tickets must you sell to make a profit of £4500?

By the end of the lesson you will beable to answer:

IdentifyOutline of the problem

AnalyseThe needs of the system

EvaluateRefining the system

DesignPlanning all parts of the

system

ImplementCreating the system

TestMaking sure the system

works

System life cycle