Seating Zone Seats Available Ticket Price Mean Demand Standard Deviation First Level Sideline 15000 $100.00 14500 750 Second Level 5000 $90.00 4750 500 First Level End Zone 10000 $80.00 9000 1250 Third Level Sideline 21000 $70.00 17000 2500 Third Level...

60.2K

Verified Solution

Question

Statistics

Seating Zone Seats Available Ticket Price Mean Demand Standard Deviation
First Level Sideline 15000 $100.00 14500 750
Second Level 5000 $90.00 4750 500
First Level End Zone 10000 $80.00 9000 1250
Third Level Sideline 21000 $70.00 17000 2500
Third Level End Zone 14000 $60.00 8000 3000
Determine the distribution of total revenue using adata table. Use histogram to summarize results
3 Simulated Trials assume higher ticket prices

Answer & Explanation Solved by verified expert

4.3 Ratings (587 Votes)

SolutionFor trials formula NORMINVRANDC11C12NORMINVRANDmeansdrand generates value bw 0 and 1 say 036Norminv for 1st level side line trial1 cell generates for eg36th percentile of a normal distr with mean 14500 and sd 750Zone1st Level sidelineSecond levelFirst LevelEnd Zone Second Level End ZoneThird Level End ZoneSeats150005000100002100014000Ticket Price10090807060Mean trialmean See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!

Become a Member

Seating Zone Seats Available Ticket Price Mean Demand Standard Deviation First Level Sideline 15000 $100.00 14500 750 Second Level 5000 $90.00 4750 500 First Level End Zone 10000 $80.00 9000 1250 Third Level Sideline 21000 $70.00 17000 2500 Third Level...

60.2K

Verified Solution

Question

Statistics

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Other questions asked by students

Cash Budget The controller of Mercury Shoes Inc. instructs you to prepare a monthly cash budget...

3- Please explain the action of adrenergic alpha 1 receptor, and adrenergic beta 2 receptor.

compressible flow: a converging-diverging nozzle has an area ratio of 5 and a stagnation pressure of 1...

GREECE and S.E. ASIA. You were supposed to research on the financial crises, causes, effects, contagion,...

Dha h h 1 10 1 16 m or In the Pressure versus Volume graph...

A B C From ZC side AB is the opposite adjacent hypotenuse

Find the theoretical probability of the event when rolling a standard number cube.P(1)

Find the inverse of the following one to one function 2 3 1 9 0...

Johorson Industrial Supplies dubtes industrial equipment. The company's focal year ends on March 31, 2017...

The production manager of Rordan Corporation prepared the following quarterly production forecast for next year:...

Required information [The following information applies to the questions displayed below.] Golden...

You are internal auditor for Shannon Supplies, Inc., and are reviewing the companys preliminary financial...

Seating Zone	Seats Available	Ticket Price	Mean Demand	Standard Deviation
First Level Sideline	15000	$100.00	14500	750
Second Level	5000	$90.00	4750	500
First Level End Zone	10000	$80.00	9000	1250
Third Level Sideline	21000	$70.00	17000	2500
Third Level End Zone	14000	$60.00	8000	3000

Determine the distribution of total revenue using adata table. Use histogram to summarize results
3 Simulated Trials assume higher ticket prices