you run a small airline that operates ten 30 seat airplane flights per dat. for each flight, you can sell up to 32 tickets at $289 each. if more people show up that you have seats for you need to pay $534 for each seat you dont have available. if you sell 32 tickets the probability that exaclty 32 people show up is 5% and exaclty 31 people show up is 20%. if i sell 31 ticktes the probabilyy that exactly 31 ppl show up is 10%. if i sell the profit maximizing number of tickets for each flight how much money would i expect to make (ticket revenue - penalty) each day? round your answer to the nearest dollar without the dollar sign

you run a small airline that operates ten 30 seat airplane flights per dat. for each flight, you can sell up to 32 tickets at $289 each. if more people show up that you have seats for you need to pay $534 for each seat you dont have available. if you sell 32 tickets the probability that exaclty 32 people show up is 5% and exaclty 31 people show up is 20%. if i sell 31 ticktes the probabilyy that exactly 31 ppl show up is 10%. if i sell the profit maximizing number of tickets for each flight how much money would i expect to make (ticket revenue - penalty) each day? round your answer to the nearest dollar without the dollar sign

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks