Question

An aircraft has 100 seats with two types of fares. Full fares are $499 and discount fares are $99. Discount fares have unlimited demand, but demand for full fares is estimated to be anywhere between 10 and 30 with a uniform distribution/equal probability of any outcome. How many seats(one answer) should be protected for full fare passengers and why? Explain how you determined your answer.

Answer 1

Explanation:

$99. Discount fares have unlimited demand, but demand for full fares is estimated to be anywhere between 10 and 30 with a uniform distribution/equal probability of any outcome. How many seats(one answer) should be protected for full fare passengers and why? Explain how you deter

Answer 2

Answer:

An aircraft has 100 seats with two types of fares. Full fares are $499 and discount fares are $99. Discount fares have unlimited demand, but demand for full fares is estimated to be anywhere between 10 and 30 with a uniform distribution/equal probability of any outcome. How many seats(one answer) should be protected for full fare passengers and why? Explain how you determined your answer.