You are managing the ticket sales of a Pro football team. Your stadium has 50,000 seats. They follow a two-tier pricing strategy. Until 10 days before the game, the tickets will be priced at $50 per seat. In the last 10 days, the tickets will be priced at $110 per ticket. There is a huge demand for tickets priced at $50 - you can sell all the seats that you price at $50. For the tickets priced at $110 (sold closer to the game day), demand depends on team performance and follows a normal distribution (=10,000

=10,000,=3,000

=3,000). How many seats must you reserve (Q) for selling close to gameday (at a price of $110)?(Any reserved seats that are not sold by the gameday will go empty.) Z-table can be foundhere

download

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