Question
This question also builds on your work in question B-1. The airline wants to see profit figures at specific combinations of ticket prices and number
This question also builds on your work in question B-1. The airline wants to see profit figures at specific combinations of ticket prices and number of reservations. Therefore, they ask you to build a data table that provides net income when varying ticket prices from $100 to $500, in $20 increments, and varying the number of ticket reservations from 90% of plane capacity to 110% of plane capacity, in 1% increments. For this question, you can also assume an average number of reservations of 184 as a starting point. However, since the airline is interested in analyzing ticket reservations as a percentage of plane capacity and NOT as a dependent variable of ticket price, the price sensitivity analysis from Part B-2 is irrelevant here and should not impact the results or your analysis of the data table. Show your work on a work sheet labelled Part B-3.
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