Question: Use the table below to answer the following question(s). Below is a room overbooking model spreadsheet for the Metza, a hotel chain. The hotel has

Use the table below to answer the following question(s). Below is

Use the table below to answer the following question(s). Below is a room overbooking model spreadsheet for the Metza, a hotel chain. The hotel has 425 rooms priced at $180 per day each, and is usually fully booked. Reservations can be cancelled any time before 5:00 p.m. with no penalty. The hotel estimates an average overbooking cost of $150. Customer demand is set at 400 with an average cancellation of 20% Which of the following is the excel formula used to estimate overbooked customers? Selected Answer: =MAX(0,C15C5) Correct Answer: =MAX(0,C15C5)

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