Korpe Airlines has a flight from London to Manchester that will be booked to capacity. The airline knows from past data that the number of customers that do not show up for the flight follows a normal distribution with mean 35 and standard deviation 16. The price of a ticket on the flight is £240, and customers are required to pay this price at the time of booking the flight. If a customer on the flight is overbooked, the airline has a policy of getting the customer on the next available flight and giving the customer a free round-trip ticket on a future flight, which costs £700 per overbooked customer. N
Korpe Airlines has a flight from London to Manchester that will be booked to capacity. The airline knows from past data that the number of customers that do not show up for the flight follows a
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