Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Don't answer through ChatGPT. Star Airlines serves the route between Washington, DC (National), and Portsmouth, NH, with a single flight daily. The airline sells both

Don't answer through ChatGPT.

Star Airlines serves the route between Washington, DC (National), and Portsmouth, NH, with a single flight daily. The airline sells both discount-fare and full-fare tickets. The airline has assigned a 150-seat aircraft to the flight. Using Littlewood's rule, the airline has determined that the optimal booking limit for a flight departing in two weeks is 50. The full fare for this flight is $300 and the discount fare is $100. And the mean of the full-fare demand is estimated at 80. The standard deviation of the full-fare demand for this flight is ___ (rounding to integer!), assuming that the full-fare demand follows a normal distribution.

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

Mathematical Interest Theory

Authors: Leslie Jane, James Daniel, Federer Vaaler

3rd Edition

147046568X, 978-1470465681

More Books

Students also viewed these Mathematics questions