Question

you are attempting question 10 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
0
1
3
no-shows
frequency
2
4
6
find the maximum implied overbooking opportunity loss c, if the revenue cu from a
passenger is $20 k. use the critical fractile formula (newsvendor model).
(a)$54.20
(b) $46.67
(c) $47.67
(d) $50.30

оа​

Answer 1

Answer:

$47.67? it's CORRECT ANSWER I thought