$($a$)$ Set up a simulation model and calculate

Ashcroft$$s profit per flight. Replicate the cal$-$

culation N times each to calculate the average

profit per flight.

$($b$)$ Ashcroft Airlines would like to investigate the

profitability of overbooking $0,1,2,3,4,$ and $5$

passengers. What is your recommendation? Why?