Question: select an answer that is close to your calculation. Question 35 THE SAME SCENARIO IS USED IN OTHER QUESTION(S). A small resort has 16 cabins

select an answer that is close to your calculation. Question 35 THE SAME SCENARIO IS USED IN OTHER QUESTION(S). A small resort has 16 cabins which are rented to the customers. The organization is considering overbooking reservations. Cost of bumping (per customer per night) is $65 and cost of empty cabin (per customer per night) is $78. Also, the following information is provided. Over a 100-day season what will be the total expected loss if the resort does not overbook cabins (ie zero overbooking)? Overbooking by Number of No-shows 0 Probabilit Number of Expected Number of Empty Opportunity Bumped Cabins Cost Customers Expected Bumping Cost 0 1 0.3700 0.4800 0.1300 2 3 0.0200 Sum 0 Expected Loss (per day) for overbooking by Expected Loss (in the season) for overbooking by 0

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