Question: Please help me find the mean, standard deviation, minimum, and maximum of the provided sample of the assume the simulation resulted in the sample of

Please help me find the mean, standard deviation, minimum, and maximum of the provided sample of the assume the simulation resulted in the sample of 50 trials results provided in the problem statement. Use Excel to determine the mean, standard deviation, minimum, and maximum of this sample revenue cost. Round it up to the nearest dollar

Please help me find the mean, standard deviation, minimum, and maximum of

A professional football team is preparing its budget for the next year. One component of the budget is the revenue that they can expect from ticket sales. The home venue, Dylan Stadium, has five different seating zones with different prices. Key information is provided. The demands are all assumed to be normally distributed. Determine the distribution of total revenue under these assumptions using 50 trials. Summarize the statistical results Click here to view the seating zone information. Click here to view a sample of 50 simulation trial results. Let v,w,x,y, and z be the number of tickets sold in the first level sideline, the second level, the first level end zone, the third level size line, and the third level end zone, respectively. Then the total revenue from ticket sales is 100.00v+90.00w+80.00x+70.00y+60.00z. For the Monte Carlo simulation, the demand for the number of first level sideline tickets is randomly generated using the Excel formula =NORM.INV(RAND(), 14500,725 ), and the number of tickets sold in the first level sideline is found by taking the this value and the number of available seats. The values of the numbers of tickets sold in the other seating zones are found similarly. (Use integers or decimals for any values in the expressions. Do not round.) Determine the mean, standard deviation, minimum, and maximum of the provided sample of 50 simulation trial results. Seating Zone Information Simulation Results

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!