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

question 43

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 coefficient of variation obtained from the simulation results?

• A)0.086
• B)0.120
• C)0.014
• D)0.048

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Definitions:

Pure Tone Hearing Test

An audiological test that measures an individual's ability to hear various frequencies and intensities of sound, helping to identify hearing loss.

Decibels

A unit of measurement used to express sound intensity or the power level of an acoustic or electrical signal.

Eardrum

A slim barrier that divides the external ear from the internal ear, resonating when it encounters sound waves.

Tuning Fork Test

A medical test that uses the vibration of a tuning fork to assess hearing or vibratory sensation.