Business, 02.08.2021 21:20 brenton14

After becoming the impressive champions of World Cup, U. S. Women National Soccer Team is set to start a Victory Tour that will take place in August. Within the Tour, the team will play 3 friendly games (one in TX, one in NY, one in CA). For the game in TX, Soccer Federation is anticipating a demand for the tickets by the following distribution, with P(·) being the probability distribution. Number of Supporters P(Number of Supporters)
12000 0.1
15000 0.25
18000 0.4
21000 0.2
24000 0.05

The Federation must decide in which stadium the game will take place at, and they want to make this selection in a way that it maximizes their expected profit. Ticket price is $18 a seat and ticket printing cost is $4 a ticket. If the Federation has to pay additional $2 for each unsold ticket, which one of the following stadiums they should choose to play the game at?

a. Mike A. Myers Stadium, Austin (capacity = 20000)
b. Toyota Stadium, Frisco (capacity = 22000)
c. BBVA Stadium, Houston (capacity = 19000)
d. Pennington Stadium, Bedford (capacity = 17000)

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After becoming the impressive champions of World Cup, U. S. Women National Soccer Team is set to sta...

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