PLEASE FILL IN THE CHART ABOVE

8.4 Developing overbooking strategy using profit/loss table and critical fractile criterion. An airline serving short routes is considering overbooking the flights to avoid flying with empty seats. The ticket agent is thinking of taking seven reservations for an airplane that has only six seats. During the past month, the no-show experience has been: The operating cost associated with each flight in total is $300. What would you recommendation for overbooking if a one-way ticket sells for $80 and the cost of not honoring a reservation is a compensation worth $50. What is the expected profit per flight for your overbooking choice? 1) Using the overbooking loss table