Every home football game for the last 8 years at Eastern State University has been sold out.
Question:
Numbers of Programs Sold Probability
2,300 .................. 0.15
2,400 .................. 0.22
2,500 .................. 0.24
2,600 .................. 0.21
2,700 .................. 0.18
Each program costs $.80 to produce and sells for $2.00. Any programs that are not sold are donated to a recycling center and do not produce any revenue.
(a) Simulate the sales of programs at 10 football games. Use the last column in the random-number table (Table F.4 on p. 821) and begin at the top of the column.
(b) If the university decided to print 2,500 programs for each game, what would the average profits be for the 10 games that were simulated?
(c) If the university decided to print 2,600 programs for each game, what would the average profits be for the 10 games that were simulated?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: