Question: On a given LAX - JFK flight there are 2 0 0 seats ( only economy seats ) . Suppose the ticket price is $
On a given LAXJFK flight there are seats only economy seats Suppose the ticket price is $ 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 and a standard deviation of As the flight operator you decide to overbook the flight and estimate that the average loss from a passenger who will have to be bumpedif the number of passengers who show up for the flight exceeds the number of available seats is $in addition to refunding the original ticket price What is the maximum number of seats that should be sold?
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