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:

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated, often leading to serious health risks such as heart disease and stroke.

Elevated Blood Pressure

A condition where the force of the blood against the artery walls is higher than normal, often a precursor to hypertension or heart disease.

Pedal Pulses

The palpable beatings of the arteries in the feet, indicative of blood flow and cardiovascular health.

Perfusion

The process of delivering blood to a capillary bed in the biological tissue, essential for supplying oxygen and nutrients.