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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
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 Seats Ticket Available Zone First Level Sideline Second Level Mean Standard Price Demand Deviation 750 First Level End Zone 15,000 $100.00 14,500 5,000 $90.00 4,750 10,000 $80.00 9,000 500 1,250 (continued) Seating Seats Ticket Available Zone 21,000 Third Level Sideline Third Level End Zone Mean Standard Price Demand Deviation $70.00 17,000 2,500 14,000 $60.00 8,000 3,000
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