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:

Aggressive Avoidance

A defensive strategy where an individual or group actively avoids certain situations or making decisions, often through confrontational or hostile means.

Passive Aggressive Avoidance

A behavior pattern where individuals express negative feelings, resentment, or aggression in indirect or passive ways, rather than directly addressing conflict.

Promises and Offers

A strategy in negotiations where commitments or benefits are proposed to reach an agreement.

Deadlines

Specific time limits set for the completion of tasks or achievement of objectives, which can pressure decision-making processes.