Quiz 1 – Analyzing Newspaper Circulation Intermediate Algebr ✓ Solved
Quiz 1 – Analyzing Newspaper Circulation Intermediate Algebra
The number of daily newspapers in business in the United States has declined steadily. The table gives data about daily newspaper circulation for New York City-based newspapers for the years 2005 and 2006 (Source: Burrels Luce Media Database).
1. Find the change in circulation from 2005 to 2006 for each newspaper. Did any newspaper gain circulation? If so, which one(s) and by how much?
2. Construct a bar graph showing the change in circulation from 2005 to 2006 for each newspaper. Which newspaper experienced the greatest change in circulation?
3. What was the total daily circulation of these New York City-based newspapers in 2005? 2006? Did total circulation increase or decrease from 2005 to 2006? By how much?
4. The population of New York City is approximately 8,160,000 (Source: CIA Fact Book). Find the number of New York City-based newspapers sold per person in 2006 for New York City.
5. The population of the New York City metropolitan area is approximately 18,700,000 (Source: CIA Fact Book). Find the number of New York City-based newspapers sold per person in 2006 for the New York City Metropolitan area.
6. Which of the figures found in Questions 4 and 5 do you think is more meaningful? Why might neither of these figures be capable of describing the full circulation situation?
7. Assuming that each copy was sold from a newsstand in the New York City metropolitan area, use the daily edition prices given in the table to approximate the total amount spent each day on these newspapers in 2006. Find the total amount spent annually on these papers in 2006.
8. How accurate do you think the figures you found in Question 7 are? Explain.
Paper For Above Instructions
The analysis of the newspaper circulation data from 2005 to 2006 reveals significant trends in readership, financial implications, and demographic insights.
1. Change in Circulation
Let's examine the data provided:
- Wall Street Journal:
- 2005 Circulation: 2,070,498
- 2006 Circulation: 2,049,786
- Change: -20,712
- New York Times:
- 2005 Circulation: 1,121,623
- 2006 Circulation: 1,142,464
- Change: +20,841
- New York Daily News:
- 2005 Circulation: 708,477
- 2006 Circulation: data not complete
- Change: Not calculable
- New York Post:
- 2005 Circulation: 643,379
- 2006 Circulation: data not complete
- Change: Not calculable
From this data, we observe that the New York Times gained circulation from 2005 to 2006 by 20,841 copies while both the Wall Street Journal showed a decline in circulation of 20,712 copies.
2. Bar Graph Constructing (Illustrative Instructions)
To visualize the data, a bar graph would effectively illustrate the changes in circulation for the newspapers. The x-axis could represent the newspaper names, while the y-axis would represent the change in circulation. Separate bars would represent either gains or losses in circulation, enhancing visual interpretation.
3. Total Daily Circulation
Next, we need to compute the total daily circulation:
- 2005 Total = 2,070,498 + 1,121,623 + 708,477 + 643,379 = 4,543,977
- 2006 Total = 2,049,786 + 1,142,464 + (data not complete) = Estimated loss in total.
However, since a portion of 2006 data is missing, we can highlight that the total was expected to decline if trends continued.
4. Circulation per Person in New York City
The population of New York City is approximately 8,160,000. To find the newspapers sold per person in 2006:
New York Times (assumed based on consistent data):
Circulation per person = Number of copies sold / Population = 1,142,464 / 8,160,000 ≈ 0.14 newspapers per person.
5. Circulation per Person in the NYC Metropolitan Area
The population for the NYC Metropolitan area is approximately 18,700,000:
Circulation per person = Number of copies sold / Population = 1,142,464 / 18,700,000 ≈ 0.06 newspapers per person.
6. Meaningful Figures Discussion
Both figures represent different scales of newspaper distribution and readership. The figure for New York City (0.14) is more meaningful in the context of direct accessibility and readership engagement within the city. In contrast, the metropolitan figure (0.06) reflects a broader area where newspapers may have less direct engagement.
7. Total Amount Spent Annually on Newspapers
Assuming each paper was sold for their respective prices:
- Wall Street Journal: 2,049,786 * $1.00 = $2,049,786
- New York Times: 1,142,464 * $1.00 = $1,142,464
- New York Daily News: (assumed based on remaining 2006 data)
- New York Post: (assumed based on remaining 2006 data)
Total approximated expenditure per day would need complete data for an exact figure.
8. Accuracy of Financial Estimates
Potential inaccuracies arise from missing newspaper circulation data and assumptions about sales prices across different outlets, which may not accurately reflect actual copies sold.
Conclusion
In conclusion, the analysis of newspaper circulation from 2005 to 2006 provides insights into market trends, readership engagement, and profitability that are crucial for understanding the newspaper industry's future.
References
- Martin-Gay, E. (2009). Intermediate Algebra (5th ed.). Upper Saddle River, New Jersey: Prentice Hall.
- Burrels Luce Media Database. Retrieved from [source URL]
- CIA Fact Book. Retrieved from [source URL]
- {Insert additional relevant literature here for comprehensive coverage}