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

question 18

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.
-What is the value of mean obtained from the simulation results?

• A)450
• B)300
• C)400
• D)250

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Definitions:

Zona Fasciculata

Middle layer of the adrenal cortex that secretes cortisol.

Cortisol

A steroid hormone produced by the adrenal glands, involved in stress response, metabolism, and inflammation control.

Adrenal Glands

Paired endocrine glands located above the kidneys that produce hormones such as adrenaline and cortisol, crucial for stress response and metabolism.

Parathyroid Hormone

A hormone produced by the parathyroid glands responsible for the regulation of calcium levels in the blood and bone metabolism.