Individual Assignment #1 - IE461 Solve the hotel example we investigated during the class (Lecture 3, Slides 30-36) for high-fare customer demand following an exponential distribution. A hotel with 250 rooms Low fare, FL $125, targeting leisure travelers High fare, F $200, targeting business travelers Demand for low-fare rooms is abundant (plentiful), and commonly happens long before the date of stay Demand is exponentially distributed with = 62. Answer the following questions: 1. What is the high-fare protection level, Q? What is the low-fare booking limit, b? 2. Write down the expected revenue function (do not solve it!!!) You are free to solve either in excel or by hand using formulations. Submit only a single file (preferably a pdf or word file). If solved in excel, you can take a screenshot and separately show the cell formulations. Please name the submission file using your last and first name (e.g. LastName.FirstName_Assignment1.pdf) The deadline is November 7 midnight.