Suppose that the current service level is 70%. What does it mean? Choose the best answer.

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a

The number of cancellations is sufficient for total overbookings with probability 70%.

b

The number of cancellations is sufficient for total overbookings with probability 30%.

c

The number of overbookings is sufficient for total cancellations with probability 70%.

d

The number of overbookings is sufficient for total cancellations with probability 30%.

e

None of the above is correct.