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

question 27

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 are defined to be uniformly distributed?

• A)B7:B9
• B)C7:C9
• C)D7:D9
• D)B15:B17

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Definitions:

Urban Centres

Heavily populated areas that are the focal point for commerce, culture, and government activity.

Access To Education

The degree to which individuals have opportunities to attain education, often influenced by factors like socioeconomic status and geographical location.

Resources Consumption

The use of natural, human, and economic resources to satisfy human needs and wants, often evaluated in terms of sustainability.

Mexico City

The densely populated capital of Mexico, known for its rich cultural heritage, significant historic landmarks, and air pollution challenges.