you run a small airline that operates ten 30 seat airplane flights per dat. for each flight, you can sell up to 32 tickets at $289 each. if more people show up that you have seats for you need to pay $534 for each seat you dont have available. if you sell 32 tickets the probability that exaclty 32 people show up is 5% and exaclty 31 people show up is 20%. if i sell 31 ticktes the probabilyy that exactly 31 ppl show up is 10%. if i sell the profit maximizing number of tickets for each flight how much money would i expect to make (ticket revenue - penalty) each day? round your answer to the nearest dollar without the dollar sign
you run a small airline that operates ten 30 seat airplane flights per dat. for each flight, you can sell up to 32 tickets at $289 each. if more people show up that you have seats for you need to pay $534 for each seat you dont have available. if you sell 32 tickets the probability that exaclty 32 people show up is 5% and exaclty 31 people show up is 20%. if i sell 31 ticktes the probabilyy that exactly 31 ppl show up is 10%. if i sell the profit maximizing number of tickets for each flight how much money would i expect to make (ticket revenue - penalty) each day? round your answer to the nearest dollar without the dollar sign
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter5: Solving Systems Of Linear Equations
Section: Chapter Questions
Problem 12CT
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you run a small airline that operates ten 30 seat
airplane flights per dat. for each flight, you can sell up
to 32 tickets at $289 each. if more people show up
that you have seats for you need to pay $534 for each
seat you dont have available. if you sell 32 tickets the
probability that exaclty 32 people show up is 5% and
exaclty 31 people show up is 20%. if i sell 31 ticktes
the probabilyy that exactly 31 ppl show up is 10%. if i
sell the profit maximizing number of tickets for each
flight how much money would i expect to make (ticket
revenue - penalty ) each day? round your answer to the
nearest dollar without the dollar sign
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