Always a football powerhouse, SWU is usually in the top 20 in college football rankings. Since the legendary Phil Flamm was hired as its head coach in 2009 (in hopes of reaching the elusive number 1 ranking), attendance at the five Saturday home games each year increased. Prior to Flamm’s arrival, attendance generally averaged 25,000 to 29,000 per game. Season ticket sales bumped up by 10,000 just with the announcement of the new coach’s arrival. Stephenville and SWU were ready to move to the big time!
The immediate issue facing SWU, however, was not NCAA ranking. It was capacity. The existing SWU stadium, built in 1953, has seating for 54,000 fans. The following table indicates attendance at each game for the past 6 years.
One of Flamm’s demands upon joining SWU had been a stadium expansion, or possibly even a new stadium. With attendance increasing, SWU administrators began to face the issue head-on. Flamm had wanted dormitories solely for his athletes in the stadium as an additional feature of any expansion.
SWU’s president, Dr. Joel Wisner, decided it was time for his vice president of development to forecast when the existing stadium would “max out.” The expansion was, in his mind, a given. But Wisner needed to know how long he could wait. He also sought a revenue projection, assuming an average ticket price of $50 in 2016 and a 5% increase each year in future prices.
1. Develop a forecasting model, justifying its selection over other techniques, and project attendance through 2017.
2. What revenues are to be expected in 2016 and 2017?
3. Discuss the school’s options.
What is the molar mass of styrene?Jul 24 2021
Testing question Testing question Testing question Testing questionTesting questionTesting questionTesting questionTesting question Testing question Testing question Test...Jun 02 2021
Describe a situation, either a government policy situation, an economic problem, or a private sector situation, where using the CPI to convert from nominal to real would ...May 01 2020
Literature review on: 1) Instructional leadership ( definition, components, PIMRS method ..etc) 2) Transformational leadership ( definition, components, MLQ method ..et...Feb 15 2020
In February, Global Photo Company, a major competitor in the photographic paper business, was negotiating a supply agreement with WorldMart; the agreement calls for the d...Aug 11 2020
Finding an Equation of a Tangent Line In Exercises 55 and 56, use a graphing utility to graph the equation. Find an equation of the tangent line to the graph at the given...Jul 31 2021
What is the ion concentration in a solution?Aug 17 2021
The space shuttle Orbiter utilizes the oxidation of methylhydrazine by dinitrogen tetroxide for propulsion:What is the for this reaction?Jun 17 2021
All of the 300 students at a high school take the same four courses. Three of the courses are taught in 15 classes of 20 students each. The fourth class is taught in 3 cl...Apr 23 2020
Evaluate: ?lim?-(x?+8)??(3x+4)/v(?2x?^2-5)?Apr 16 2020