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Historic data has shown that when the hotel is fully booked, there are an average of 5 last - minute cancella'ons, with a standard devia'on
Historic data has shown that when the hotel is fully booked, there are an average of
lastminute cancella'ons, with a standard devia'on of Average room rate is $
Penalty for overbooking is $which is when the hotel must find another hotels room
for the customer How many rooms should the hotel overbook?
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