Question: QUESTION 3 10 points Save Answer An airline company needs to decide on overbooking numbers for flights from DWF to HOU on Tuesdays 10 am

QUESTION 3 10 points Save Answer An airline

QUESTION 3 10 points Save Answer An airline company needs to decide on overbooking numbers for flights from DWF to HOU on Tuesdays 10 am which has the seat capacity for 300 passengers. At the regular ticket price $90, the demand is sufficient enough to fill all the seats including overbooks. Bumping a passenger from the plane costs $150 to the company due to operational costs and due to loss of goodwill. Historically the number of no-shows follow a normal distribution with mean 40 and standard deviation 20. How many seats the airline company should overbook in order to maximize its profits from these flights? (Round-up the final answer.)

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