Question: please explain the second question thanks On a given Hong Kong-Singapore fight, there are 300 seats. Suppose the ticket price is 450 Singapore dollars (SGD)

please explain the second question thanks

On a given Hong Kong-Singapore fight, there are 300 seats. Suppose the ticket price is 450 Singapore dollars (SGD) and the number of passengers who reserve a seat but do not show up for departure is normally distributed with mean 40 and standard deviation 14. You decide to overbook the flight sand estimate that the net cost of an involuntary boarding denial (if the number of passengers exceeds the number of seats) is SGD 900 (everything considered) The optimal number of reservations that you should accept is: a. 340 b. 346 C. 328 d. 352 e. 334 Given the optimal number of reservations, what is probability that you won't need to deal with bumped passengers? a. 80% b. 57% C. 43% d. 33% e. 67%

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