$\textbf{ [Advanced Material] }$

question 18

Multiple Choice

$\textbf{ [Advanced Material] }$ Cross functional revenue management examines capacity,pricing,and customer account management in order to maximize revenue.
If the MegaPlex Movie Theater finds that too often they have to turn customers away from their theaters at peak movie times for blockbusters creating too much slippage,cross functional revenue management suggests:

• A)They could consider increasing the capacity of each theater to be able to seat more customers.
• B)They could lower the price at the peak times to reduce the problem of spoilage.
• C)They could stop showing blockbuster movies and select more critically acclaimed art films to decrease spoilage.
• D)They could stop showing movies at night.

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Definitions:

Simple Random Sampling

A method of selecting a sample in which every member of the population has an equal chance of being chosen.

Youngsters

Youngsters refers to children and teenagers, often implying a focus on their development, education, and socialization.

Confidence Interval

A confidence interval is a range of values, derived from sample data, that is likely to contain the true value of an unknown population parameter with a specified level of confidence.

Sample Size

The number of participants, observations, or data points collected in a study, important for ensuring the statistical validity and reliability of the research findings.