QUESTION 1 10 points Save Answer Hyatt Regency Dallas has a capacity of 240 king rooms. Customers of Hyatt are typically either leisure travelers or business customers. Hyatt charges a discount fare of $125 for a midweek stay (but requires booking a week in advance) which contrast the regular fare of $325. Typicall y, business customers book in the last minute, and are willing to pay the regular fare, if they can be guaranteed accommodation. Suppose we are interested in the bookings in Park Hyatt on May 5th (the day of our final exam). Hyatt knows that there are plenty of leisure travelers, willing to pay the low fares. However, all else being equal, Hyatt would like to fill those rooms with the high-fare travelers. The objective of Hyatt is to maximize the sum of revenue from both sections of the travelers. If Hyatt followed the booking limit policy', by reserving some rooms for last-minute business customers, how many rooms should it reserve? Assume that there is ample demand of leisure customers willing to pay the discount fare, and the number of business customers is normally distributed, with mean 50, and standard deviation 30. (You can get the z-value from the table or Excel. Round-up your final answer.) QUESTION 2 10 points Save Answer Suppose Hyatt manager takes a look on the hotel records. He realizes that number of last-minute customers on a weekday follows a flatter distribution than the normal distribution. He also realizes that usually there are at least 30 and at most 70 last-minute customers on a weekday. He then decides to consider Uniform distribution between 30 and 70. Based on this new distribution, how many rooms should be reserved for last-minute customers