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file: HotelSim Template.xlsx The hotel is considering several different booking limits which represent the maximum number of reservations the hotel will accept. The values under
file: HotelSim Template.xlsx The hotel is considering several different "booking limits" which represent the maximum number of reservations the hotel will accept. The values under consideration are 250, 255, 260, 265, 270, and 275. Suppose the hotel selects a booking limit of 270. Use the Excel template file provided to create a Monte Carlo simulation model with 2500 trials to calculate the 95% Confidence Interval on the Mean Net Profit (Net Profit = Total Profit from Reservations - Total Overbooking Cost). What is the lower bound on the 95% Confidence Interval on Mean Net Profit for a booking limit of 270
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