You have the following information The home football season consisted of seven home games - one against a nationally ranked school (Grover University) and six against conference opponents. (One of the conference opponents was Sactown's in-state rival, Chico University.) All of the games were played during the day EXCEPT for the game against Stockton University (a conference opponent). It was played in the evening You've decided to base your estimate of revenue on a game played against an average conference opponent (Redding College). For that game total attendance was 25,000 (stadium capacity is 40,000) 70% of the tickets sold were box seats. 20% were end-zone seats. 10% were upper-deck seats. The 25,000 attendance figure included 500 free seats. Ticket prices are as follows Box seats-$20 per ticket End zone $15 per ticket Upper-deck -$10 per ticket Additional assumptions were made based on information obtained from prior year audits. Attendance for the Grover game was expected to 30% higher than total attendance for an average game. The mix of seats was expected to be the same but tickets were priced 20% higher since Grover was highly ranked Attendance at the game against Chico was expected to be 20% higher than an average game. The 5,000 extra seats at the Chico game were estimated to be 75% box seats and 25% upper-deck seats. Prices were not changed For the one night game (against Stockton) ticket prices were increased by 10% Attendance was estimated to be 5% lower. The mix of seats expected to be the same as an average game At every home game (all seven), 500 box seats are given away free to players' family and friends. The free seats are included in the attendance number 1. (10 points) Based on the above data, what would you expect ticket revenue to be (in dollars)? (I will accept a range of possible correct answers. Think of it as my use of the concept of 'tolerable misstatement'!) 2. (10 points) Compare your estimate with the actual revenue reported by Sactown ($3,500,000) What's your next step? Do you accept the population, review your assumptions and redo the estimate, or do tests of details? Explain your answer. If you choose to redo the estimate or do tests of details, be specific about how you would do that. (Which assumptions could you test and how? OR What test of details would you perform on ticket revenue