Question: Reconsider Example 11 3 Blackjack Airline After initial success with
Reconsider Example 11.3 ( Blackjack Airline). After initial success with the Los Angeles– to– Las Vegas route, Blackjack Airline’s demand for full- fare tickets has increased to an average of 75, with the standard deviation remaining at 15. This early experience has allowed Blackjack to make a better estimate of the percent-age of discount- seeking passengers, which appears to be 80 percent. Consequently, Blackjack has decided to raise all ticket prices by $ 10. Under these new conditions, how many full- fare seats should Blackjack reserve?
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