Statistics Problem: Reserved Airline Seats
This posting addresses prices and cost reimbusement.
July 9, 2019Sensitivity, Specificity, Predictive for a Positive Test
July 9, 2019To help fill its seats for a particular flight, an airline offers a special nonrefundable fare of $200 for customers who make a reservation at least 21 days in advance and satisfy other restrictions. Thereafter, the fare will be $600. A total of 100 reservations will be accepted. The number of customers who have requested a reservation at full fare for this flight in the past always has a normal distributionwith mean40 and standard deviation10. Determine how many seats should be reserved for customers who pay full fare.
See the attached file. Thanks
Demand Data
Demand Rate (l) 40
Demand Standard …
The expert examines the reserved airline seats in statistics.
