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 questions
Below is a spreadsheet for a hotel overbooking model.
A B C D E
Hotel Overbooking Model Demand Probability
Data
Rooms available
Price $
Overbooking cost $
Model
Reservation limit
Customer demand
Reservations made
Cancellations
Customer arrivals
Overbooked customers
Net revenue
Assume that each reservation has a constant probability p of being cancelled. Answer the questions using the Risk Solver Platform.
With respect to B 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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