Question: On a given LAX - JFK flight there are 2 0 0 seats ( only economy seats ) . Suppose the ticket price is $

On a given LAX-JFK flight there are 200 seats (only economy seats). Suppose the ticket price is $475 for each seat, and the number of passengers who purchase a seat but do not show up for departure is normally distributed with a mean of 40 and a standard deviation of 25. As the flight operator you decide to overbook the flight and estimate that the average loss from a passenger who will have to be bumped(if the number of passengers who show up for the flight exceeds the number of available seats) is $800(in addition to refunding the original ticket price). What is the maximum number of seats that should be sold?

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