=+of low demand hed sell 30 high-fare and 80 low-fare ticketsrevenue of 30 * +210 + 80

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=+of low demand he’d sell 30 high-fare and 80 low-fare tickets—revenue of 30 * +210 + 80 * +90 = +13,500. In times of medium demand, he estimates 110 high-fare and 250 low-fare tickets, for an estimated revenue of $45,600.

And in times of high demand, he expects 500 low-fare customers and 250 high-fare customers, yielding $97,500.

Make a payoff table and decision tree for this decision.

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Business Statistics Plus Pearson Mylab Statistics With Pearson Etext

ISBN: 978-1292243726

3rd Edition

Authors: Norean R Sharpe ,Richard D De Veaux ,Paul Velleman

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