Simulate the sales of programs at 10 football games use the

Reference no: EM13629068

Historically, Eastern has never sold fewer than 2,300 programs or more than 2,700 programs at one game. Each program costs $0.80 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 14.4) 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 simulated in part (a)?

(c) If the university decided to print 2,600 programs for each game, what would the average profits be for the 10 games simulated in part (a)

Reference no: EM13629068

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