Use the Table Below to Answer the Following Question(s)

question 27

Multiple Choice

Use the table below to answer the following question(s) .
The Atlas Movies Theater has repriced their ticket rates to maximize revenues.They have three classes of tickets: Classic, Silver, and Gold.The table below provides information on the average ticket sales, revenue and price elasticity on demand.They have a total seating capacity of 300.The table also provides the new price for the three classes obtained using Solver.

Assume the distributions of elasticities for three classes of tickets are uniform with minimum and maximum values equal to 75% and 125% of their estimated values, respectively.Under this assumption, use Monte Carlo simulation to answer the following questions.The model is simulated for 10,000 trials.
-Which of the following cells are defined to be uniformly distributed?

• A)B7:B9
• B)C7:C9
• C)D7:D9
• D)B15:B17

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Definitions:

Wealthy

Having an abundance of valuable possessions or money, often implying a level of financial security and material comfort.

Social Philosophy

A branch of philosophy that deals with the study of society and its institutions, addressing questions about justice, rights, and the nature of social relations.

Unequal

Imbalanced or unfairly distributed, often referring to situations where resources, power, or opportunities are not distributed evenly among individuals or groups.

Equal

Having the same value, measure, or quantity as another object or condition.