Mathematics, 25.02.2020 18:47 nnance689
A professional football team is preparing its budget for the next year. One component of the budget is the revenue that they can expect from ticket sales. The home venue, Dylan Stadium, has five different seating zones with different prices. Key information is given below. The demands are all assumed to be normally distributed. Determine the distribution of total revenue under these assumptions using an Excel data table with 50 simulated trials. Summarize your results with a histogram.
Seating Zone Seats Available Ticket Price Mean Demand Standard Dev.
1st Level Sideline 15,000 100 14,500 750
Second Level 5,000 90 4,750 500
First Level End Zone 10,000 80 9,000 1250
Third Level End Zone 21,000 70 17,000 2,500
Third Level End Zone 14,000 60 8,000 3,000
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