You are tasked with analyzing ticketing prices at Danbury Ice Arena for the upcoming 2006 season, home to the world famous Danbury Trashers (real team, look it up). You pull home games for the past two years and organize your report by opponent and year played. Danbury Trashers Ticketing Analysis Report 04/05 Seasons, excludes playoff games) 2.000 Sent Capacity. Home Games Only Rol Tickets Sol. Opponent) Adirondackt Sensen Museen Kalmaroo Motor Cry Miscuri font River Wayne Frosche General Outlaws Fury Wines Mechanics Otter Kemets 2009 2,312 2.400 2.768 2673 2.250 2,553 2,160 2005 22682310 2.376 2.317 Point Quad TV Season Total 2004 2.770 Beacons 2.009 2.336 2.426 2.400 Average Ticket Rrice (Opponent) Missouri Fort Port Advandack Flint Muskegon Kalamazoo Motor City Alver Quad City Huren Fury Frostbite Generals Outlaws Wayne Wing Mechanics Hames Otters Komets Beacons $12.5 $11.15 $11.90 $12.55 510 52 $13.00 $11.60 $12.90 $10.88 $12.75 $12.25 $11.15 $14,50 $1150 $10.25 $12.50 $13.50 $11.75 $12.15 Senten Total $117 $11.95 $12.00 1)In the 2005 season, UHL's pricing elasticity for tickets was 1.03, what does that mean? Explain your answer 2)Using the report above, calculate the price elasticity (season totals columns) of Trashers tickets for the 2005 season? Are Danbury Trashers tickets elastic or inelastic? Danbury Trashers Ticketing Analysis Report (04/05 Seasons, excludes playoff games) 3.000 Seat Capacity - Home Games Only # of Tickets Sold ( vs. Opponent) Adirondack Flint KC Missouri Season Muskegon Kalamazo Motor City River Frostbite Generals Outlaws Fury o Wings Mechanics Outers 2001 2,089 2.312 2,404 2,768 2,673 2.259 2.553 2005 2.268 2.310 2.558 2.376 2.550 2.601 2337 Season Totals Fort Quad Port Wayne City Huron Komets Flames Beacons 2.360 2.770 2.089 2.113 2.629 2,336 2,128 2.408 Adirondac Flint KC k Frostbite Generals Outlaws Average Ticket Rrice (Opponent) Motor Missouri Fort Quad Port Muskegon Kalamazo City River Wayne City Huron Fury o Wings Mechanic Outers Komets Flames Beacons $12.55 $10.52 $13.00 $11.60 $12.90 $10.88 $12.75 $14.50 $11.50 $10.25 $12.50 $13.50 $11.75 $12.15 Season Totals $12.75 $11.75 $11.15 $12.25 $11.90 $11.15 $11.95 $12.08 You are tasked with analyzing ticketing prices at Danbury Ice Arena for the upcoming 2006 season, home to the world famous Danbury Trashers (real team, look it up). You pull home games for the past two years and organize your report by opponent and year played. Danbury Trashers Ticketing Analysis Report 04/05 Seasons, excludes playoff games) 2.000 Sent Capacity. Home Games Only Rol Tickets Sol. Opponent) Adirondackt Sensen Museen Kalmaroo Motor Cry Miscuri font River Wayne Frosche General Outlaws Fury Wines Mechanics Otter Kemets 2009 2,312 2.400 2.768 2673 2.250 2,553 2,160 2005 22682310 2.376 2.317 Point Quad TV Season Total 2004 2.770 Beacons 2.009 2.336 2.426 2.400 Average Ticket Rrice (Opponent) Missouri Fort Port Advandack Flint Muskegon Kalamazoo Motor City Alver Quad City Huren Fury Frostbite Generals Outlaws Wayne Wing Mechanics Hames Otters Komets Beacons $12.5 $11.15 $11.90 $12.55 510 52 $13.00 $11.60 $12.90 $10.88 $12.75 $12.25 $11.15 $14,50 $1150 $10.25 $12.50 $13.50 $11.75 $12.15 Senten Total $117 $11.95 $12.00 1)In the 2005 season, UHL's pricing elasticity for tickets was 1.03, what does that mean? Explain your answer 2)Using the report above, calculate the price elasticity (season totals columns) of Trashers tickets for the 2005 season? Are Danbury Trashers tickets elastic or inelastic? Danbury Trashers Ticketing Analysis Report (04/05 Seasons, excludes playoff games) 3.000 Seat Capacity - Home Games Only # of Tickets Sold ( vs. Opponent) Adirondack Flint KC Missouri Season Muskegon Kalamazo Motor City River Frostbite Generals Outlaws Fury o Wings Mechanics Outers 2001 2,089 2.312 2,404 2,768 2,673 2.259 2.553 2005 2.268 2.310 2.558 2.376 2.550 2.601 2337 Season Totals Fort Quad Port Wayne City Huron Komets Flames Beacons 2.360 2.770 2.089 2.113 2.629 2,336 2,128 2.408 Adirondac Flint KC k Frostbite Generals Outlaws Average Ticket Rrice (Opponent) Motor Missouri Fort Quad Port Muskegon Kalamazo City River Wayne City Huron Fury o Wings Mechanic Outers Komets Flames Beacons $12.55 $10.52 $13.00 $11.60 $12.90 $10.88 $12.75 $14.50 $11.50 $10.25 $12.50 $13.50 $11.75 $12.15 Season Totals $12.75 $11.75 $11.15 $12.25 $11.90 $11.15 $11.95 $12.08
