Question Completion Status: Save Answer Question 2 16 points A local charity group is planning a musical concert to benefit the new Oishee Children's Hospital in Buffalo, NY. The planning committee has identified two possible event packages at local concert halls: Option 1: Catered event at a hotel Venue rental fee: $1,750 (total fee for the event) Catering and Open Bar fees: $24 per attendee Advertising campaign: $1,250 (total fee for the event) Band booking fees: $1,000 (total fee for the event) Ticket selling price: $100 per person Expected number of tickets sold: 450 . Option 2: Non-catered event at a concert hall/bar . Venue rental fee: $1,200 (total fee for the event) Security and personnel costs: $15 per attendee Advertising campaign: $2,225 (total fee for the event) Band booking fees: $3,000 (total fee for the event) Ticket selling price: $85 per person Expected number of tickets sold: 800 . . If the group wants to conate the maximum possible amount of money to the hospital (i.e. make the most profit), which of the following best replesents the choice the group should make? JE 320 Formula Sheet_01272017.pdf Interest Tables.pdf If the group wants to donate the maximum possible amount of money to the hospital (i.e. make the most profit), which of the following best represents the choice the group should make? IE 320 Formula Sheet 01272017.pdf Interest Tables.pdf Choose Option 2 as the amount donated from each event will be the same as with Option 1 Choose Option 1 because they will donate approximately $875 more from this event Choose Option 2 as they will make donate approximately $19,375 more than if they had chosen Option 1 Choose Option 1 because they will donate approximately $35,000 from this event a c. d. Moving to another question will save this response Question 2 of 5 >>>