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:

Stirrup

A tiny bone in the middle ear that plays a critical role in the process of hearing by transmitting sound vibrations to the inner ear.

Middle Ear

The part of the ear located between the eardrum and the inner ear, containing three small bones that transmit sound vibrations.

Cones

Specialized photoreceptor cells in the retina of the eye responsible for color vision and functioning best in relatively bright light.

Vision

The capability of the eyes and brain to interpret electromagnetic energy (light) into images, enabling sight.