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Suppose that the first ( high - fare ) class demand is normal with a mean of 1 5 seats and a standard deviation of

Suppose that the first (high-fare) class demand is normal with a mean of 15 seats and a standard deviation of 4. Moreover, first-class passengers pay $900, while the low fare is $500. Buy up probability is 0.3.
What is the protection level for the high-fare class:
What are the booking limits for the low-fare class if the flight has:
(a) Capacity =100 seats?
(b) Capacity =30 seats?
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