Question: Please use excel while solving the question. 2. De Pijp Hotel has 300 rooms used by both business and leisure travelers. It is now the

Please use excel while solving the question.
2. De Pijp Hotel has 300 rooms used by both business and leisure travelers. It is now the end of April, and the hotel is beginning to take reservations for August. Full price for a room is $150 per night. The hotel managers are interested in overbooking analysis as there is a chance that a customer with a reservation may not appear. The hotel receives no revenue from a customer who does not show up. The hotel receives half of the room price from a customer who "bumps, and arranges an alternative accommodation for these customers in Near Hotel whose room price is $250 per day. (5 pts) Find the cost of overbooking (c.) and underbooking(Cu). How many rooms should De Pijp Hotel overbook, if the number of customers who book a room but fail to show up on the night has; a) (5 pts) Normal distribution with mean 25 and standard deviation 8. b) (10 pts) Poisson distribution with mean rate 30Step by Step Solution
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