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- Inve.. Saved Help Save & Exit Submit 1. Areas under the Problem 13-43 09 08 07 06 05 04 .00 .02 .01 0 .00 0 3 000 000 000 Dom 3001 2004 002 000 -14 -13 000 3 00 Offwego Airlines has a daily flight from Chicago to Las Vegas. On average, 16 ticket holders cancel their reservations, so the company intentionally overbooks the light. Cancellations can be described by a normal distribution with a mean of 16 passengers and a standard deviation of 5.60 passengers. Profit per passenger is $96. If passenger arrives but cannot board due to overbooking, the company policy is to provide a cash payment of $196, Use Table B 0044 045 04 010 0113 0118 0118 How many tickets should be overbooked to maximize expected profit? (Round your z value to 2 decimal places. Round your other intermediate calculations to 4 decimal places and final answer to the nearest whole number.) 18 Overbooked tickets WO 2018 2017 Table B 1. Areas under the standardized normal curve, from - to - 0 1.09 .07 0003 .04 .03 .00 0002 .0003 0005 .05 .0003 .0004 .02 0003 .08 .0003 0004 .0005 0007 .0010 2003 0003 1 -3.4 0004 .0005 .01 0003 0005 0007 .0009 0013 0003 0005 0007 -3.3 000$ 0006 0006 0007 .0008 0008 -22 0005 0006 0009 0013 0009 .06 0003 .0004 0006 0008 0011 0015 0021 .0029 0039 0052 .0010 0008 .0011 0011 0012 .0012 0010 0013 -3.1 -3.0 0015 0016 .0014 .0019 0026 0035 0023 0024 .0014 0020 .0027 0037 .0049 0021 0028 0038 0051 0068 0016 0022 .0030 .0040 0054 0031 0041 0055 0023 0032 0043 0057 0018 .0018 .0025 0033 .0034 0044 0045 00590060 .0019 0026 0035 .0047 0062 0048 0089 0054 0084 0110 0143 0183 0066 .0087 .0113 .0146 0188 0239 0301 0375 0116 20150 0192 0069 0091 0119 0154 0197 .0071 0094 0122 10158 0202 0256 0073 0096 0125 0162 0207 0075 0099 0129 0166 0212 0082 0107 .0139 0179 0228 0287 0322 0244 .0307 0384 0475 0582 0359 0250 0314 0392 0485 0594 0262 0829 0409 0465 0505 0078 0080 01020104 0132 0136 0170 .0174 0217 0222 0274 ,0281 0344 .0351 0427 0436 0525 0537 0543 0655 0778 ,0793 0934 .0951 1112 1131 .1314 .1335 1539 .1562 0446 0548 0571 0233 0294 0357 .0455 ,0559 0681 0823 0985 1170 .1379 0668 0258 0335 0418 0516 0630 0764 0918 .1093 1292 .1515 0401 0495 0606 .0735 0895 1056 .1251 1469 0808 0694 0838 1003 1190 1401 0708 0853 .1020 .1210 .1423 0968 0618 0749 0901 1075 .1271 .1492 0721 0869 .1038 .1230 1446 1151 1357 .1587 1711 .1611 1867 2148 2451 2776 1762 2033 1635 .1894 2177 2483 2810 .1685 .1949 2236 1788 2061 .1680 1922 2206 2514 28.43 .1736 2005 2296 1971 2266 2578 2912 2322 2543 1814 2090 2389 2709 3050 2358 2675 3015 1841 2119 2420 2743 3085 -0.9 -0.8 -0.7 -0.6 -0.5 2546 2877 2946 2981 3192 3254 3632 3446 3821 -04 3557 -0.3 3121 3483 3859 4247 4641 3156 3520 3897 4286 4681 3228 3594 3974 4364 4761 4013 3300 3669 4052 4443 4840 3905 4325 4721 3336 3707 4090 4480 4880 3372 3745 4129 4522 .4920 3409 3783 4168 4562 4960 4207 ---02 4404 -0.1 4802 5000 4801 -00 - Inve.. Saved Help Save & Exit Submit 1. Areas under the Problem 13-43 09 08 07 06 05 04 .00 .02 .01 0 .00 0 3 000 000 000 Dom 3001 2004 002 000 -14 -13 000 3 00 Offwego Airlines has a daily flight from Chicago to Las Vegas. On average, 16 ticket holders cancel their reservations, so the company intentionally overbooks the light. Cancellations can be described by a normal distribution with a mean of 16 passengers and a standard deviation of 5.60 passengers. Profit per passenger is $96. If passenger arrives but cannot board due to overbooking, the company policy is to provide a cash payment of $196, Use Table B 0044 045 04 010 0113 0118 0118 How many tickets should be overbooked to maximize expected profit? (Round your z value to 2 decimal places. Round your other intermediate calculations to 4 decimal places and final answer to the nearest whole number.) 18 Overbooked tickets WO 2018 2017 Table B 1. Areas under the standardized normal curve, from - to - 0 1.09 .07 0003 .04 .03 .00 0002 .0003 0005 .05 .0003 .0004 .02 0003 .08 .0003 0004 .0005 0007 .0010 2003 0003 1 -3.4 0004 .0005 .01 0003 0005 0007 .0009 0013 0003 0005 0007 -3.3 000$ 0006 0006 0007 .0008 0008 -22 0005 0006 0009 0013 0009 .06 0003 .0004 0006 0008 0011 0015 0021 .0029 0039 0052 .0010 0008 .0011 0011 0012 .0012 0010 0013 -3.1 -3.0 0015 0016 .0014 .0019 0026 0035 0023 0024 .0014 0020 .0027 0037 .0049 0021 0028 0038 0051 0068 0016 0022 .0030 .0040 0054 0031 0041 0055 0023 0032 0043 0057 0018 .0018 .0025 0033 .0034 0044 0045 00590060 .0019 0026 0035 .0047 0062 0048 0089 0054 0084 0110 0143 0183 0066 .0087 .0113 .0146 0188 0239 0301 0375 0116 20150 0192 0069 0091 0119 0154 0197 .0071 0094 0122 10158 0202 0256 0073 0096 0125 0162 0207 0075 0099 0129 0166 0212 0082 0107 .0139 0179 0228 0287 0322 0244 .0307 0384 0475 0582 0359 0250 0314 0392 0485 0594 0262 0829 0409 0465 0505 0078 0080 01020104 0132 0136 0170 .0174 0217 0222 0274 ,0281 0344 .0351 0427 0436 0525 0537 0543 0655 0778 ,0793 0934 .0951 1112 1131 .1314 .1335 1539 .1562 0446 0548 0571 0233 0294 0357 .0455 ,0559 0681 0823 0985 1170 .1379 0668 0258 0335 0418 0516 0630 0764 0918 .1093 1292 .1515 0401 0495 0606 .0735 0895 1056 .1251 1469 0808 0694 0838 1003 1190 1401 0708 0853 .1020 .1210 .1423 0968 0618 0749 0901 1075 .1271 .1492 0721 0869 .1038 .1230 1446 1151 1357 .1587 1711 .1611 1867 2148 2451 2776 1762 2033 1635 .1894 2177 2483 2810 .1685 .1949 2236 1788 2061 .1680 1922 2206 2514 28.43 .1736 2005 2296 1971 2266 2578 2912 2322 2543 1814 2090 2389 2709 3050 2358 2675 3015 1841 2119 2420 2743 3085 -0.9 -0.8 -0.7 -0.6 -0.5 2546 2877 2946 2981 3192 3254 3632 3446 3821 -04 3557 -0.3 3121 3483 3859 4247 4641 3156 3520 3897 4286 4681 3228 3594 3974 4364 4761 4013 3300 3669 4052 4443 4840 3905 4325 4721 3336 3707 4090 4480 4880 3372 3745 4129 4522 .4920 3409 3783 4168 4562 4960 4207 ---02 4404 -0.1 4802 5000 4801 -00