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A professional football team is preparing its budget for the next year. One component of the...

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Basic Math

A professional football team is preparing its budget for thenext year. One component of the budget is the revenue that they canexpect from ticket sales. The home venue, Dylan Stadium, has fivedifferent seating zones with different prices. Key information isgiven below. The demands are all assumed to be normallydistributed. Seating Zone Seats Available Ticket Price Mean DemandStandard Deviation First Level Sideline 15,000 $1000.00 14,500 750Second Level 5,000 $90.00 4,750 500 First Level End Zone 10,000$80.00 9,000 1,250 Third Level Sideline 21,000 $70.00 17,000 2,500Third Level End Zone 14,000 $60.00 8,000 3,000 Determine thedistribution of total revenue under these assumptions using 250trials. Summarize the statistical results. The question is fromfollowing book and from Chapter 12 question 17 Textbook: JamesEvans, Business Analytics, 3nd edition, 2019, Pearson Education,Pearson. ISBN: 13:978-0-13-523167-8

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