Offwego airlines has a daily flight from chicago to las vegas. on average, 16 ticket holders cancel their reservations, so the company intentionally overbooks the flight. cancellations can be described by a normal distribution with a mean of 16 passengers and a standard deviation of 4.60 passengers. profit per passenger is $86. if a passenger arrives but cannot board due to overbooking, the company policy is to provide a cash payment of $186.how many tickets should be overbooked to maximize expected profit?

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?