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

question 42

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 is defined as the output cell?

• A)E16
• B)E18
• C)F17
• D)F18

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Definitions:

Personological Approach

An approach in psychology that focuses on the study of an individual's character and life experiences in understanding their personality.

Lexical Approach

A method in personality psychology focusing on the analysis of language and words used to describe human traits and behavior.

Projective Tests

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The belief that one must meet certain standards in order to earn positive regard from others, impacting self-esteem and self-worth.