Question: Below is a room overbooking model spreadsheet for the Metza, a hotel chain. The hotel has 425 rooms priced at $180 per day each, and

Below is a room overbooking model spreadsheet for the Metza, a hotel chain. The hotel has 425 rooms priced at $180 per day each, and is usually fully booked. Reservations can be cancelled any time before 5:00p.m.with no penalty. The hotel estimates an average overbooking cost of $150. Customer demand is set at 400 with an average cancellation of 20. B 1 Hotel Overbooking Model for the Metza group of hotels 12 3 Data 14 5 16 Rooms Available Price Per Room Overbooking Cost 7 425 $180 $150 8 19 Model 10 11 12 13 425 400 Reservation Limit Customer Demand Reservations Made Cancellations Customer Arrivals Overbooked Customers 15 16 20 Use the table above to answer the following two questions). Using the above spreadsheet data, which of the following is the excel formula used to estimate overbooked customers? -MAXIO.B15-B5) -MINIB11-B12 B11-314) -MINIO,B5-B15) -MAXIB 11.312)
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