Question: Suppose that the first ( high - fare ) class demand is normal with a mean of 1 5 seats and a standard deviation of

Suppose that the first (high-fare) class demand is normal with a mean of 15 seats and a standard deviation of 4. Moreover, first-class passengers pay $1,200, while the low fare is $500. Buy up probability is 0.3.
What is the protection level for the high-fare class? [ Select ]["15","16","17","18","19","20"]
What are the booking limits for the low-fare class if the flight has:
(a) Capacity =100 seats? [ Select ]["80","81","82","83","84","85"]
(b) Capacity =30 seats?

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