Question: NO EXCEL PLEASE Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline
NO EXCEL PLEASE
Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows from past history that the number of cancellations/no-shows is uniformly distributed between 10 and 20. Revenue from a ticket on the flight is $125. If the flight is overbooked, the net cost for the airlines to ``bump the customer to a different flight is $250. By how many seats should Super Discount overbook the flight?
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