Answer question 10-14 as it is all the same problem

Recommend an appropriate number of canoes to lease. 11.5. An airline serving Denver's International Airport and Steamboat Springs, Colorado, is considering overbooking its flights to avoid flying with empty seats. For example, the ticket agent is thinking of taking seven reservations for an airplane that has only six seats. During the past month, the no-show experience has been No-shows 0 1 N 3 4 Percentage 30 25 20 15 10 The operating costs associated with each flight are pilot. S150: first officer, $100; fuel, $30; and landing fee, S20 What would be your recommendation for overbooking if a one-way ticket sells for $80 and the cost of not honoring a reservation is a free lift ticket worth SSO plus a scat on the next light? What is the expected profit per flight for your overbooking choice? Problem 11.5 Use your results for homework problem 11.5 to answer the following questions Question 10 (2 points) Lite Using the critical fractile model, Pld