customers turn up only about 95% of the time. A flight can accommodate 40 passengers and each seat costs 4,000 Php. Suppose each passenger books a ticket independently and the airline decides to sell 42 tickets for the flight. if more than 40 show up for the flight, the excess passengers will be compensated for Php10,000 for rebooking. 6. Compute the profit for each value of X. I do not know exactly what is the value of X here, if it is 40 that can be accommodated in the flight, or is it the 42 tickets the airline decides to sell or the expected value of X which is 39.9 passengers?
customers turn up only about 95% of the time. A flight can accommodate 40 passengers and each seat costs 4,000 Php. Suppose each passenger books a ticket independently and the airline decides to sell 42 tickets for the flight. if more than 40 show up for the flight, the excess passengers will be compensated for Php10,000 for rebooking. 6. Compute the profit for each value of X. I do not know exactly what is the value of X here, if it is 40 that can be accommodated in the flight, or is it the 42 tickets the airline decides to sell or the expected value of X which is 39.9 passengers?
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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An airline studied the data from their passenger records and noted that their customers turn up only about 95% of the time. A flight can accommodate 40 passengers and each seat costs 4,000 Php. Suppose each passenger books a ticket independently and the airline decides to sell 42 tickets for the flight. if more than 40 show up for the flight, the excess passengers will be compensated for Php10,000 for rebooking.
6. Compute the profit for each value of X. I do not know exactly what is the value of X here, if it is 40 that can be accommodated in the flight, or is it the 42 tickets the airline decides to sell or the expected value of X which is 39.9 passengers?
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