e1 WITH EXCEL FUNCTIONS d crowd is normally distributed with a mean of 3000 and standard deviation of 400. Avg. Concession expenditure has a Uniform distribution (15.30) 500 trials ed Crowd MEAN Ticket Price S REVENUE PERCENTAGE Min Average Concessions enditure Spent per person 3 Fixed Cost S 3000 10.00 12,000.00 S.D. 15.00 $ 80% Max 400 people 30.00 Expected Crowd senditure Spent per person REVENUE FROM TICKETS REVENUE from CONCESSION SALES TOTAL REVENUES BAND PROFIT

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 22SGR
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c1 WITH EXCEL FUNCTIONS
d crowd is normally distributed with a mean of 3000 and standard deviation of 400. Avg. Concession expenditure has a Uniform distribution (15.30)
e 500 trials
ed Crowd
MEAN
Ticket Price $
Min
Average Concessions
enditure Spent per person $
REVENUE PERCENTAGE
Fixed Cost S
3000
10.00
12,000.00
S.D.
15.00 $
80%
Max
C
400 people
30.00
Expected Crowd senditure Spent per person REVENUE FROM TICKETS
REVENUE from CONCESSION SALES TOTAL REVENUES
G
BAND PROFIT
H
Transcribed Image Text:c1 WITH EXCEL FUNCTIONS d crowd is normally distributed with a mean of 3000 and standard deviation of 400. Avg. Concession expenditure has a Uniform distribution (15.30) e 500 trials ed Crowd MEAN Ticket Price $ Min Average Concessions enditure Spent per person $ REVENUE PERCENTAGE Fixed Cost S 3000 10.00 12,000.00 S.D. 15.00 $ 80% Max C 400 people 30.00 Expected Crowd senditure Spent per person REVENUE FROM TICKETS REVENUE from CONCESSION SALES TOTAL REVENUES G BAND PROFIT H
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