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...
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![URGENT PLEASE HELP IMMEDIATELY
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3feeca30-7ee7-4ee7-a0bd-7f4117ef3648%2F19d15334-86ae-445e-97f8-fbe0ae4c410f%2F35cwh0l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:URGENT PLEASE HELP IMMEDIATELY
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
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