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:

Smoking Prevalence

The proportion of individuals in a population who are current smokers.

Weight Gain

An increase in body weight, which can result from an excess of calorie intake over calorie expenditure.

Low-Carbohydrate Diet

A diet strategy that reduces carbohydrate intake to promote weight loss or manage certain health conditions, often increasing protein and fat intake.

Regular Exercise Program

An organized and consistent schedule of physical activities designed to improve or maintain physical fitness and overall health.