An airline has 360 seats on a plane for one of its flights. If 90% of the

Question:

An airline has 360 seats on a plane for one of its flights. If 90% of the people making reservations actually buy a ticket, how many reservations should the airline accept to be confident that it will sell 360 tickets?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Oct 06, 2020 12:17 AM

See More Questions

Firm specific demand in the scheduled airline industry is segmented by customer class and is highly uncertain so that an order may not lead to realized revenue and a unit sale. Airlines respond to...
Emirates Airline group has started its 1st routes out of Dubai with only two aircraft in 1985 by the Govt. of Dubai and it was supported by the creator of Germania (German Airline). Emirates airline...
1. Suppose you have been asked to write a report for Southwest Airlines discussing and displaying their share of the U.S. airline market. In your research, you are able to obtain from the Bureau of...
Suppose you needed a material that could absorb heat without having its temperature increase very much. Would you choose aluminum or water? Make sure your explanation uses the concept of specific...
Write the answer using scientific notation. It is estimated that there were 51.2 billion pieces of trash on 76 million mi of U.S. roadways in a recent year (Source: Keep America Beautiful). On...
Marc, a single taxpayer, earns $ 6 0 , 0 0 0 in taxable income and $ 5 , 0 0 0 in interest from an investment in city of Birmingham bonds. Using the U . S . tax rate schedule for 2 0 2 3 , how much...
In addition to the size variables, we also have information on several binary variables. The variable URBAN is used to indicate the facility's location. It is one if the facility is located in an...
Using the Yahoo! Finance Web site (finance.yahoo.com) get the current price and five year dividend history for Intel. To gather this data, enter the ticker symbol (INTC) in the search box at the top...
You purchase 100 shares of stock for $50 a share. The stock pays a $4 per share dividend at year-end. a. What is the rate of return on your Investment If the end-of-year stock price Is (1) $46; (II)...
Greenscape Pty Ltd provides commercial landscaping services. Linda Drake, the firms owner, wants to develop cost estimates that sh. can use to prepare bids on jobs. After analysing the firm's costs....
A building is depreciated by its owner, with the value y of the building after x months given by y = 720,000 2000x. (a) Find the y-intercept of the graph of this function and explain what it means....
Amanda plans to invest $20,000, part of it at a 9% interest rate and part of it in a safer fund that pays 6%. How much should be invested in each fund to yield an annual return of $1560?
What is the purpose of awareness advertising?
As Steve worked with his group over the next few weeks, he tried to be aware of situations where cultural differences might create misunderstandings and conflict. One night, he spoke with his father...
1) Three-Asset Portfolio Calculate the expected return and standard deviation of the three-asset portfolio shown in the following figure: Amount invested Expected return Standard deviation...
Question 1 Draw a labor-leisure diagram with leisure on the horizontal axis, and earnings on the vertical axis, assuming the maximum hours of labor or leisure equals 4000 hours a year. Draw a budget...
A small business purchases a used airplane for $1,200,000; this is considered MACRS 5-year property. The business plans to keep the plane for the next 7 years. The business estimates that the...
A median voter model is defined as _ _ _ . A . None of the answer is correct. B . a model showing that there is a tendency for decision in a democracy to reflect the interests of a group of voters...
The article "The Responsiveness of Food Sales to Shelf Space Requirements" (J. Marketing Research, 1964: 63-67) reports the use of a Latin square design to investigate the effect of shelf space on...
Select the correct answer for each of the following questions. 1. On December 31, 20X3, Saxe Corporation was merged into Poe Corporation. In the business combination, Poe issued 200,000 shares of its...
From a deck of 52 playing cards, two cards are drawn, one after the other without replacement. What is the probability that (a) The first will be a king and the second will be a jack? (b) The first...
One card is drawn at random from a deck of 52 cards. The first card is not replaced, and a second card is drawn. Find the probability that (a) Both cards are spades. (b) The first card is a heart and...
Two cards are drawn from a deck of 52 cards. What is the probability that both are aces (a) If the first card is replaced before the second is drawn? (b) If the cards are drawn without replacement?
How do I use voice commands to control my computer with the project of making a video?
Dan Mullen is employed by a mail-order distributor and reconditions used desktop computers, broadband routers, and laser printers. Dan is paid $12 per hour, plus an extra $6 per hour for work in...
Consider two series Yt and Y2t: Y = IIY-1 +6 Or more explicitly as: Aye Aya Yit Elt + Y2t 2t in which = [1, 2]' is IID with E(e) = 0 and E(ee'): [ 0 0 a) Write the system in levels Answer: A-AU-N b)...

An airline has 360 seats on a plane for one of its flights. If 90% of the

Question:

Step by Step Answer:

x number of re...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

Students also viewed these Mathematics questions