Question 1 The Curtis M Philips Center for the Performing Arts at UF is staging Hamilton...

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Question 1 The Curtis M Philips Center for the Performing Arts at UF is staging "Hamilton" on a specific night in October 2022. With a fixed capacity of 1700 seats in the proscenium hall, the focus is on maximizing occupancy for the show. Based on historical data, it is estimated that if the seats are offered at a "low" price of $ PL-25 per seat, all 1700 seats will be sold. The Center is also contemplating offering one of three "high" prices for the same seats - $ p2-50 per seat; $ p2-75 per seat; or $ p2=100 per seat. Demand at each of these "high" prices (i.e., p2) is normally distributed with mean = -1200-4p2 and standard deviation-0-300+2p2. For example, if the high rate of $ 50 is offered, then -1200-(4*50)=1000 and o=300+(2*50)-400. You are required to assist the Philips Center manager in completing the table below. High- Protection Booking Expected high-fare Rate level limit customers turned Expected seats Expected seats occupied at Expected empty away high-rate seats $ 50 Expected show revenue $75 $ 100 Question 1 The Curtis M Philips Center for the Performing Arts at UF is staging "Hamilton" on a specific night in October 2022. With a fixed capacity of 1700 seats in the proscenium hall, the focus is on maximizing occupancy for the show. Based on historical data, it is estimated that if the seats are offered at a "low" price of $ PL-25 per seat, all 1700 seats will be sold. The Center is also contemplating offering one of three "high" prices for the same seats - $ p2-50 per seat; $ p2-75 per seat; or $ p2=100 per seat. Demand at each of these "high" prices (i.e., p2) is normally distributed with mean = -1200-4p2 and standard deviation-0-300+2p2. For example, if the high rate of $ 50 is offered, then -1200-(4*50)=1000 and o=300+(2*50)-400. You are required to assist the Philips Center manager in completing the table below. High- Protection Booking Expected high-fare Rate level limit customers turned Expected seats Expected seats occupied at Expected empty away high-rate seats $ 50 Expected show revenue $75 $ 100