Consider again the description of the eighty-room hotel in the chapter and the table in Figure 11.7.
Question:
(a) Using the information in Figure 11.7, determine the maximum number of advance-purchase discounts to allow for the Monday in question if the discount price were $125 rather than $100.
(b) Given your answer to Part (a), explain the direction of the difference between the maximum number of $125 advance-purchase discounts and the maximum number of $100 advance-purchase discounts.
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a It can be seen from the table that there are 16 rooms with expected revenue of less ...View the full answer
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