Question: Problem 3 ( 2 pts ) Consider a flight from Houston to Istanbul. The ticket price is p = $ 2 2 0 , the

Problem 3(2 pts) Consider a flight from Houston to Istanbul. The ticket price is p=$220, the flight capacity is C =120 and overbooking limit is b=128.
a)(1 pts) Compute the number of accepted bookings and the number of passengers denied boarding for the following scenarios: put these numbers into the table below. If a certain scenario is not possible, put NP in its row.
\table[[Scenario,C,b,# of requests made,# of show-ups,\table[[Accepted],[bookings]],\table[[Denied],[boardings]]],[1,120,128,125,112,,],[2,120,128,119,108,,],[3,120,128,115,116,,],[4,120,128,126,121,,],[5,120,128,130,123,,]]
b)(0.5 pts) Suppose that all the possible (i.e., non NP) rows above happen with equal probability and compute the expected number of accepted bookings and expected number of denied boardings.
c)(0.5 pts ) Let be the profit which can be written as
=p(Numberof Accepted bookings)-D(Numberof Denied boardings).
Calculate expected profit using the numbers you obtained in part b) if D=$450.
Problem 3 ( 2 pts ) Consider a flight from

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