Question

You are attempting question 1 out of 12
A 7D movie theatre overbooks all of its shows by one viewer (i.e. the ticket
agent will take seven reservations for a theatre that has only six seats). The no show
experience for the past 10 days is shown below:
0
No-shows
Frequency
1
5
2
4.
3
3
6
4
2
Using the critical fractile P(d overbooking opportunity loss C, if the revenue C, from a passenger is $20.

Answer 1

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