Technology In Action Complete (16th Edition)
Technology In Action Complete (16th Edition)
16th Edition
ISBN: 9780135435199
Author: Alan Evans, Kendall Martin, Mary Anne Poatsy
Publisher: PEARSON
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Chapter 1.P1, Problem 4MC
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By gathering financial contribution from supporters, crowdfunding helps the start-up businesses.

Hence, the correct option is “C”.

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Southern Airline has 15 daily flights from Miami to New York.  Each flight requires two pilots.  Flights that do not have two pilots are canceled (passengers are transferred to other airlines).  The average profit per flight is $6000.  Because pilots get sick from time to time, the airline is considering a policy of keeping four *reserve pilots on standby to replace sick pilots.  Such pilots would introduce an additional cost of $1800 per reserve pilot (whether they fly or not). The pilots on each flight are distinct and the likelihood of any pilot getting sick is independent of the likelihood of any other pilot getting sick.  Southern believes that the probability of any given pilot getting sick is 0.15.  A) Run a simulation of this situation with at least 1000 iterations and report the following for the present policy (no reserve pilots) and the proposed policy (four reserve pilots): The average daily utilization of the aircraft (percentage of total flights that fly) The…
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