subject
Business, 24.03.2021 21:40 xchainq

An Airline serving Denver International Airport and Steamboat Springs, Colorado, is considering overbooking its flight to avoid flying with empty seats. Historical data suggest that the number of passengers who reserve a seat but do not show up for departure is normally distributed with mean 20 and standard deviation 8. The one-way ticket sells for $120. In case of overbooking, the airline has to pay a compensation of $300 and the net loss is $180 per ticket. According to the above information, answer questions 34-35. 1. What would be your recommendation for overbooking if a one-way ticket sells for $80 and the cost of not honoring a reservation is a free lift ticket worth $50 plus a seat on the next flight?
2. What is the expected profit per flight for your overbooking choice?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 18:20
Write two goals for yourself that will aid you in pursuing your post-secondary education or training. with this
Answers: 1
question
Business, 21.06.2019 22:00
If a bond is issued at a premium the effective interest rate is most likely
Answers: 2
question
Business, 22.06.2019 06:00
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
Answers: 3
question
Business, 22.06.2019 16:30
Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?
Answers: 3
You know the right answer?
An Airline serving Denver International Airport and Steamboat Springs, Colorado, is considering over...
Questions
question
Mathematics, 02.12.2020 14:00
question
Physics, 02.12.2020 14:00
question
Mathematics, 02.12.2020 14:00
question
History, 02.12.2020 14:00
question
English, 02.12.2020 14:00
question
Mathematics, 02.12.2020 14:00
question
Mathematics, 02.12.2020 14:00
question
Business, 02.12.2020 14:00
question
Mathematics, 02.12.2020 14:00
question
Advanced Placement (AP), 02.12.2020 14:00
question
Social Studies, 02.12.2020 14:00