Fill in the Blank

A catering manager at a convention center uses the contract price adjustment formula 3ab2{}3ab^2 to determine final service fee surcharges or discounts for large banquets. In this formula, aa represents the seasonal hospitality demand coefficient and bb represents the regional culinary ingredient cost variance. During a specific off-season booking, the manager calculates that the demand coefficient aa is 23-\frac{2}{3} and the ingredient variance bb is 12-\frac{1}{2}.

What is the final simplified price adjustment factor calculated by the manager? (Enter your answer as a simplified fraction, such as -1/2, or as a decimal, such as -0.5)

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Updated 2026-06-02

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