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Business, 12.12.2019 22:31 sabon

Granite state airlines serves the route between jfk and dca, with a single-flight-daily 100-seat aircraft. the one-way fare for discount tickets is $100, and the one-way fare for full-fare tickets is $150. the airline estimates that full-fare demand is normally distributed with a mean of 56 passengers and a standard deviation of 23 while discount fare demand is normally distributed with a mean of 88 passengers and a standard deviation of 44.
1. if the discount fare is not available, 20% of the discount fare demand would buy-up to the full fare. what is the optimal booking limit?

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