To conduct an experiment, AMC increased movie ticket prices from $9.00 to $10.00 and measured the change in ticket sales. Using the data over the following month, they concluded that the increase was profitable. However, over the subsequent months, they changed their minds and discontinued the experiment. How did the timing affect their conclusion about the profitability of increasing prices?
To conduct an experiment, AMC increased movie ticket prices from $9.00 to $10.00 and measuredthe change in ticket sales. Using the data over the following month, they concluded that theincrease…
