Question: PLEASE SHOW ALL WORK AND ANSWER BOTH QUESTIONS After initial success with the Los Angeles-to-Las Vegas route, Blackjack Airline's demand for full-fare tickets has increased

PLEASE SHOW ALL WORK AND ANSWER BOTH QUESTIONS

After initial success with the Los Angeles-to-Las Vegas route, Blackjack Airline's demand for full-fare tickets has increased to an average of 75, with the standard deviation remaining at 15. Consequently, Blackjack has decided to raise all ticket prices by $10 (i.e., full-fare coch ticket $79 and "gamblers fare" at $59). Under these new conditions,

(a) What is the critical fractile? List Co, Cu and Critical fractile.

(b) How many full-fare seats should Blackjack reserve?

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