Question: Expert Q&A Done URGENT PLEASE HELP IMMEDIATELY you run a small airline that operates ten 30 seat airplane flights per dat. for each flight, you

Expert Q&A Done URGENT PLEASE HELP IMMEDIATELY you run a small airline that operates ten 30 seat airplane flights per dat. for each flight, you can sell up to 32 tickets at $289 each. if more people show up that you have seats for you need to pay $534 for each seat you dont have available. if you sell 32 tickets the probability that exacity 32 people show up is 5% and exacity 31 people show up is 20%. if i sell 31 ticktes the probabilyy that exactly 31 ppl show up is 10%. if i sell the profit maximizing number of tickets for each flight how much money would i expect to make (ticket revenue - penalty) each day? round your answer to the nearest dollar without the dollar sign

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

URGENT PLEASE HELP IMMEDIATELY you run a small airline that operates ten 30 seat airplane flights per dat. for each flight, you can sell up to 32 tickets at $289 each. if more people show up that you...

You run a small airline that operates ten 30 seat airplanr flights per day. for each flight, you can sell up to 32 tickets at $289 each. if more people show up that you hace seats for you need to pay...

Need help on homework urgent, please give one answer You run a small airline that operates ten 30 seat airplane flights per day. For each flight, you can sell up to 32 tickets at $222 each. If more...

you run a small airline that operates ten 30 seat airplane flights per day. For each flight, you can sell up to 32 tickets at $454 each. If more people show up that you have seats for, you need to...

You run a small airline that operates ten 30 seat airplane flights per day. For each flight, you can sell up to 32 tickets at $214 each. If more people show up that you have seats for, you need to...

You run a small airline that operates ten 30 seat airplane flights per day. For each flight, you can sell up to 32 tickets at $245 each. If more people show up that you have seats for, you need to...

You run a small airline that operates ten 30 seat airplane flights per day. For each flight, you can sell up to 32 tickets at $214 each. If more people show up that you have seats for, you need to...

You run a small airline that operates ten 30 seat airplane flights per day. For each flight, you can sell up to 32 tickets at $234 each. If more people show up that you have seats for, you need to...

You run a small airline that operates ten 30 seat airplane flights per day. For each flight, you can sell up to 32 tickets at $241 each. If more people show up that you have seats for, you need to...

Question 3 10 pts You run a small airline that operates ten 30 seat airplane flights per day. For each flight, you can sell up to 32 tickets at $370 each. If more people show up that you have seats...

Revenues are realized when cash is received for the service provided. (true/false)

Presently many European countries are in the middle of an economic slump, where output has fallen below potential output (by a large degree in the case of some countries). Suppose one of these...

Question: pcl - 3 - 1 Carlos works for Allied Transport in Alberta and is paid $ 3 , 2 1 0 , 5 8 bi - weekly. He celebrated his 7 0 t h birthday in August 2 0 2 5 . Calculate Carlos's annual maximum...

**Need help** For the last discussion of this course, review a part or segment from the program that has made you proud. That may be achieving your first certification or badge, or completing your...