Demand for an airlines seats on a short- haul route follows a normal distribution with a mean

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Demand for an airline’s seats on a short- haul route follows a normal distribution with a mean of 80 and a standard deviation of 20.

If the price of an economy fare class Y seat is $200 and that of an economy fare class B seat is $120, calculate the optimal protection level for economy fare class Y seats following Littlewood’s rule.

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Essentials Of Pricing Analytics

ISBN: 978-0367363239

1st Edition

Authors: Erik Haugom

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Question Posted: Jul 11, 2024 02:02 AM

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Demand for an airlines seats on a short- haul route follows a normal distribution with a mean

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Essentials Of Pricing Analytics

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