Answered: Full-Fare Frequency 50 15 55 20 60 35…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Concept explainers

Question

FlyUs Airlines is unhappy with the number of empty seats on
its New York to Philadelphia flight. To remedy the problem,
the airline is offering a special discounted rate of $89 instead
of the normal $169, but only for 7-day advance purchases
and for a limited number of seats per flight. The aircraft
flown from NY to Philly holds 100 passengers. Last month’s
distribution of full-fare passengers is shown below. How
many seats should FlyUs reserve for full-fare passengers?

Full-Fare
Frequency
50
15
55
20
60
35
65
20
70
10

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