Business, 18.11.2019 18:31 Angel13613
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?
Answers: 3
Business, 21.06.2019 23:00
The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.
Answers: 3
Business, 22.06.2019 19:00
Gus needs to purée his soup while it's still in the pot. what is the best tool for him to use? a. potato masher b. immersion blender c. rotary mixer d. whisk
Answers: 2
Business, 22.06.2019 20:20
Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.
Answers: 3
Offwego airlines has a daily flight from chicago to las vegas. on average, 16 ticket holders cancel...
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