=10.38. Luxury Cruise Lines has a fleet of ships that travel to Alaska repeatedly every summer (and
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=10.38. Luxury Cruise Lines has a fleet of ships that travel to Alaska repeatedly every summer (and elsewhere during other times of the year). A considerable amount of advertising is done each winter to help generate enough passenger business for that summer. With the coming of a new winter, a decision needs to be made about how much advertising to do this year.
The following table shows the amount of advertising (in thousands of dollars) and the resulting sales (in thousands of passengers booked for a cruise) for each of the past five years.
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Introduction To Management Science A Modeling And Case Studies Approach With Spreadsheets
ISBN: 9780078096600
4th Edition
Authors: Frederick S. Hillier And Mark S. Hillier
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