Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Distinguish between quantitative analysis and operations research? 2. Explain how business use quantitative analysis in decision making process 3. An airline offers coach and first-class

Distinguish between quantitative analysis and operations research?

2. Explain how business use quantitative analysis in decision making process

3. An airline offers coach and first-class tickets. For the airline to be profitable, it must sell a minimum of 25 first-class tickets and a minimum of 40 coach tickets. The company makes a profit of $225 for each coach ticket and $200 for each first-class ticket. At most, the plane has a capacity of 150 travelers. Explain how you can help this company to determine how many of each ticket should be sold to?

maximize profits?

Minimize cost?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Responsibility

Authors: Tom Cannon

2nd Edition

0273738739, 9780273738732

More Books

Students also viewed these Accounting questions