Question: Use the information below to answer the following question ( s ) . Below is a spreadsheet for a hotel overbooking model. A B C

Use the information below to answer the following question(s).
Below is a spreadsheet for a hotel overbooking model.
A B C D E
1 Hotel Overbooking Model Demand Probability
22900.03
3 Data 2950.05
43000.08
5 Rooms available 3503050.12
6 Price $ 1203100.15
7 Overbooking cost $ 1003150.20
83200.15
9 Model 3250.10
103300.05
11 Reservation limit 3503350.04
12 Customer demand 3203400.02
13 Reservations made 3450.01
14 Cancellations 15
15 Customer arrivals
16
17 Overbooked customers
18 Net revenue
Assume that each reservation has a constant probability p =0.04 of being cancelled. Answer the question(s) using the Risk Solver Platform.
With respect to B14, what should the number of trials correspond to in the Parameters section of the Binomial dialog?
Group of answer choices
reservations made
customer arrivals
reservation limit
customer demand

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