Question: QUESTION 1 (Here is the needed Statistics Tablet StatTables pdf) Hampton Inn has 150 rooms with standard queen size beds. Due to customer no-shows, Hampton

QUESTION 1 (Here is the needed Statistics Tablet StatTables pdf) Hampton Inn has 150 rooms with standard queen size beds. Due to customer no-shows, Hampton Inn is considering implementing overbooking, The Inn has 150 rooms. And the price per night is $150. The forecast of no-show is a normal distribution with mean 17.5. standard deviation of S. The inn is sensitive about the quality of service it provides, so it estimates the cost of failing to honor a reservation is $300 in lost goodwill and explicit expenses What is the optimal overbooking limit? 14 15 @ 18 17

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