MyJet Airlines provides daily services between London and Rome with a 300 seater A320 aircraft. Assume that
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MyJet Airlines provides daily services between London and Rome with a 300 seater A320 aircraft. Assume that the airline charges an average of $450 per seat and the number of passengers who reserve a seat but do not show up for departure is normally distributed with mean 40 and standard deviation 15.
Calculate the maximum number of booking in this market if the cost of overbooking is $800.
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