document.write( "Question 456862: You are a star basketball player and receive the following two offers. Which one should you choose and why? There are 82 regular season games in the NBA.)(Hint: Think about the function that each situation represents.)\r
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document.write( "Option 1: A one billion dollar signing bonus and 1 million dollars per game.\r
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document.write( "Option 2: A one penny signing bonus with salary to double each game. In other words the salary for the first game is 2 pennies, the salary for the second games is 4 pennies, and so on. \n" );
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Algebra.Com's Answer #313624 by htmentor(1343) You can put this solution on YOUR website! You are a star basketball player and receive the following two offers. Which one should you choose and why? There are 82 regular season games in the NBA.)(Hint: Think about the function that each situation represents.)\r \n" ); document.write( "\n" ); document.write( "Option 1: A one billion dollar signing bonus and 1 million dollars per game.\r \n" ); document.write( "\n" ); document.write( "Option 2: A one penny signing bonus with salary to double each game. In other words the salary for the first game is 2 pennies, the salary for the second games is 4 pennies, and so on. \n" ); document.write( "=================================================================== \n" ); document.write( "Option 1: The salaries for each consecutive game represent an arithmetic sequence with common difference = 1000000. \n" ); document.write( "For example, the salary for the first 3 games will be: 1001000000, 1002000000, 1003000000. \n" ); document.write( "The n-th term of an arithmetic sequence can be written: \n" ); document.write( " \n" ); document.write( "For simplicity, we will express our formula in millions of dollars. \n" ); document.write( "So the salary for the n-th game will be \n" ); document.write( "We can write the cumulative salary earned after game n as: \n" ); document.write( " \n" ); document.write( "The sum of this series is \n" ); document.write( "So the cumulative salary earned after the 82nd game will be: \n" ); document.write( " \n" ); document.write( "Option 2: In this case, we can describe the game salaries as a geometric \n" ); document.write( "sequence with common ratio 2, since the salary doubles with each successive \n" ); document.write( "game. \n" ); document.write( "In general the sum of an arithmetic sequence can be written: \n" ); document.write( " \n" ); document.write( "The sum of this series is \n" ); document.write( "In this case, a = 1, and r = 2 \n" ); document.write( "Therefore the cumulative salary [in pennies] after game n can be written as \n" ); document.write( " \n" ); document.write( "And the sum of this series is given by \n" ); document.write( "In dollars, the option 2 salary is \n" ); document.write( "The option 1 salary, in dollars, is 85403*1E6 = 8.54E10 \n" ); document.write( "So, without question, the player should choose option 2 [I'd like to be his agent, and get 10% of that!]\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |