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There is a 100 seat plane - it has two fare classes. High Fare = $499. No show is distributed as Poisson (mean = 10).

There is a 100 seat plane - it has two fare classes.

High Fare = $499. No show is distributed as Poisson (mean = 10).

Overbooking Penalty = $600

Discount fare pax show up as there is no refund for no show (the discount fare is $99)

Which passengers to overbook? How many to overbook?

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