University of Wyoming Men’s Basketball Team Case Study Help
Concession sales
In contradiction to the ticket sales, the coefficient of the concession sales is 33 percent, representing the increase of one unit in concession sales would lead to the 33 percent change in the revenue generated from the concession sales. Furthermore, the relationship is strong between variables as the value of multiple R is 78 percent, stating that the data is 78% fitted to the line of regression.
Simulation model to predict revenues for a single 16-game season
By developing the simulation model with core consideration of predicting the total revenue for the single 16-game season and by using the variables such as winning days, average of single game sold and price of the ticket, the total revenue for the single 16-game season is calculated. The average of the winning percentages for all the four season is used in the simulation mole. The total revenue for the single 16-game season is estimated to be 1869063033 which tends to be changed due to the formula of simulation being applied as the simulation would ease the management in estimating the revenueandmultiple replication.
Forecast for total revenue for the 100 season
With the use of the 50 percent win percentages of the team for the next season, the simulation model is developed for the 100 seasons. The 50 percent of the winning percentage would likely generate $203085 which is not acceptable due to which it is significantly important to increase the assets or resources as well as creating a more home-based matches for the purpose of accelerating more revenue streams.
A random win percentage, with each of the win percentages
Again, the simulation model is developed for the different season in order to estimate the revenue. The random winning percentages would help in assessing and evaluating whether the increase or decrease in winning percentage impacts the revenue to greater or little extent. The average winning percentage of 50 percent is for the next season of the year 2010 and 2011. The data is divided into conference and non-conference. The total revenue for the 100 season using random winning percentages in the simulation model is calculated to be $100305......................................
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