Question: Question 3 [15 Points]: An orthodontist unit is creating the overbooking strategy for their I = 40 patients per day max capacity. Revenue from each
Question 3 [15 Points]: An orthodontist unit is creating the overbooking strategy for their I = 40 patients per day max capacity. Revenue from each patient is $900. The number of no-shows D ~ N(15,62) is a continuous random variable with a probability density function f(d) and a cumulative distribution function F(d). The cost of each patient in excess of capacity is $150. How many patients (Q) should be overbooked (in excess of capacity)?
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