Use a single excel file with formulas within answer cells. Show formulas for how to get the answer.The ticketing office at a professional sports venue has noticed that ticket sales seem to fluctuate. The manager wants to introduce the strategy of demand-pricing in order to maximize attendance and therefor revenue. Based on historical sales, manager wonders if there is a connection between winning percentage (in decimal form) of the team and attendance (seats).Attendance (seats)Winning Percentage (decimal form)78,0000.689,0000.6793,0000.759,0000.565,0000.5597,0000.986,0000.675,0000.5591,0000.861,0000.52 What is the forecasted attendance if winning percentage is 0.67?

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Answered: The ticketing office at a professional…

Practical Management Science

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ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Use a single excel file with formulas within answer cells. Show formulas for how to get the answer.

The ticketing office at a professional sports venue has noticed that ticket sales seem to fluctuate. The manager wants to introduce the strategy of demand-pricing in order to maximize attendance and therefor revenue. Based on historical sales, manager wonders if there is a connection between winning percentage (in decimal form) of the team and attendance (seats).

Attendance (seats)	Winning Percentage (decimal form)
78,000	0.6
89,000	0.67
93,000	0.7
59,000	0.5
65,000	0.55
97,000	0.9
86,000	0.6
75,000	0.55
91,000	0.8
61,000	0.52

What is the forecasted attendance if winning percentage is 0.67?

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