1. An airline is considering an overbooking policy for its flights from LA to Las Vegas...

  

Transcribed Image Text:

1. An airline is considering an overbooking policy for its flights from LA to Las Vegas to avoid flying with empty seats. During the past month, the no-show experience has been: No-shows Percentage 0 30 1 25 2 20 3 15 4 10 2. (4 pts) An airline focuses on serving high-paying business consultants traveling between LA and SF. But to fill the airplane, which has 100 seats, it also carries the general public. The general public must book a flight several weeks ahead of time, while the consultants book flights at the last minute. The demand from consultants for a flight from LA to SF is normally distributed with mean 60 and standard deviation 10. Consultants pay $1,200 per ticket, and the general public pays $150. How many seats should be opened up for the general public? 1. An airline is considering an overbooking policy for its flights from LA to Las Vegas to avoid flying with empty seats. During the past month, the no-show experience has been: No-shows Percentage 0 30 1 25 2 20 3 15 4 10 2. (4 pts) An airline focuses on serving high-paying business consultants traveling between LA and SF. But to fill the airplane, which has 100 seats, it also carries the general public. The general public must book a flight several weeks ahead of time, while the consultants book flights at the last minute. The demand from consultants for a flight from LA to SF is normally distributed with mean 60 and standard deviation 10. Consultants pay $1,200 per ticket, and the general public pays $150. How many seats should be opened up for the general public?