In the Same Football Conference as the University in Problem

question 20

Multiple Choice

In the same football conference as the university in Problem 9 is another university where the demand for football tickets at each game is 160,000 - 12,000p. If the capacity of the stadium at that university is 90,000 seats, what is the revenue-maximizing price for this university to charge per ticket?

• A) $6.67
• B) $13.33
• C) $5.83
• D) $3.33
• E) $20

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Definitions:

Column Proportion

The ratio of the frequency of a particular category to the total number of observations in a column of a table, usually expressed as a percentage.

SAS Proficiency

The level of skill or expertise in using the Statistical Analysis System (SAS), a software suite used for data management, advanced analytics, multivariate analysis, business intelligence, and predictive analytics.

Very Proficient

Describes a high level of skill, competency, or knowledge in a particular area or activity.

Column Proportion

The fraction or percentage of a particular value within a column in a dataset, representing the relative frequency of that value.