Spirit Airlines offers one way, nonstop flights from Atlantic City, New Jersey, to Myrtle Beach, South Carolina,
Question:
Spirit Airlines has figured out that the probabilities of experiencing 0, 1, 2, and 3 no shows for the flight between Atlantic City and Myrtle Beach are 0.16, 0.32, 0.25, and 0.27 respectively.
a. Choose the best number of passengers to overbook between these two destinations.
b. What is the most that Spirit Airlines should pay per flight for additional information about the probability of no shows?
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