Question: Question 2 . De Pijp Hotel has 3 0 0 rooms used by both business and leisure travelers. It is now the end of April,
Question De Pijp Hotel has 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 $ 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 NearHotel whose room price is $ per day.
i pts Find the cost of overbooking co and underbooking
ii 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 pts Normal distribution with mean and standard deviation
b pts Poisson distribution with mean rate PART B SHOULD BE IN EXCEL FORMAT
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