The University of Wyoming Men’s Basketball Team Case Study Solution
Simulation Model Assuming 8 Conference Games and 8 Non-Conference Games
Here, we are assuming total sales on the variable of Opponents, taking tickets Sold of 8 Season games from Conference and 8 from Non-Conference.We are required to compute the total revenues, based on the conference and non-conference by considering 100% win percentage. Tickets sold of non-conference is 947; while for conference it is 1174, which is greater against non-conference. By multiplying, winning co-efficient into 100% win percentage; the simulation model got a range of 12785.
As per computations, we are able to forecast as per 100 simulated seasons that total revenues from simulation method using 100% win percentage would be possibly generated as $ 3 million approximately. However, the price per ticket is $12, which is same as given in the case study.
Simulation Using Random Win Percentages
This simulation is using random win percentages to forecast the annual sales of upcoming year. The random win percentages are a source of determining the total sales. Here, 4 seasons are taken,which are randomly distributed on win %. Wining ratio for the year 2006-2007 is 0.619, 2007-2008 is 0.40, 2008-2009 is 0.643, whereas, for the year 2009-2010 it is 0.323.
By usingrange 12785, win co-efficient 25570, predicted sold tickets 834 and 4 equally distributed random win percentages; we have assumed the projected sales of approximately $ 6 million.....................................
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