Question

Note:
You are attempting question 5 out of 12
A premium holiday destination provider overbooks its reservations by 1 passengers. It
means that in case, for total available booking of 5 seats, it would take reservations of 6
seats. The no show experience for the past 20 days is shown below
2
3
No-shows
Frequency
0
6
4
1
5
4
Find the maximum implied overbooking opportunity loss C. if the revenue Cy from a
passenger is S20 K. Use the critical fractilc formula (Newsvendor model).
(A)$54.20
(B) $46.67
(C) $47.67
(D) $50.30
Answer
B
с

Answer 1

Answer:

$ 50.20

hope you help this is answer