Reconsider Example 11.3 (Blackjack Airline). After initial success with the Los Angeles to Las Vegas route, Blackjack
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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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ISBN: 978-0077841201
8th edition
Authors: James Fitzsimmons, Mona Fitzsimmons, Sanjeev Bordoloi
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