Question: Q4. Price Optimization : Let's say you are the manager of a famous band that is organizing a concert. You want to take advantage of

Q4. Price Optimization : Let's say you are the manager of a famous band that is organizing a concert. You want to take advantage of this concert and sell some concert T-shirts to music fans. You already procured T-shirts from the supplier. You also conducted a survey to figure out the Willingness-To-Pay distribution of music fans for the concert T-shirts. The following table provides the details. What is the price that you will charge to maximize your revenue? (10 pts)

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