University Of Wyoming Men’s Basketball Team Case Study Solution
Simulation Model- 100 Seasons
A simulation model has been used to determine the projected revenues for the next year. The total 100 games sessions will be held next year, with anassumption of 50%-winsituation, out of which, it is assumed that total of 1,174 tickets would be sold for conference games and total of 1,101 tickets will be sold for non-concessiongames. The analysis represents that the projected revenue for the year would be $22 million, with an additional inclusion of 20% profit margin. (See appendix 4)
Simulation Model- Random Win Percentage
A simulation model has been used to determine the projected revenues for the next year. The total 100 games sessions will be held in the next year, with the assumption of average random win percentage, out of which, it is assumed that the total of 1,167 tickets would be sold for conference games and total of 1,312 tickets would be sold for non-concession games. The analysis represents that the projected revenue for the year would be $24 million, along with 20% profit margin. (See appendix 5)
Conclusion
It is concluded that the projected revenue for the year 2011 would be $208,122 along with 20% profit margin.The regression analysis has been performed with the help of available data, for the purpose of determining the relationship between variables. It is evaluated that the model fitness of the data is correct and the relationship between all variables is positive, but the teams’ performance variablerepresents less impact over the ticket sales...............................
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