Business, 24.07.2019 05:50 lorenaandreahjimenez

Next week, super discount airlines has a flight from new york to los angeles that will be booked to capacity. the airline knows from past history that an average of 35 customers (with a standard deviation of 24) cancel their reservation or do not show for the flight. revenue from a ticket on the flight is $134. if the flight is overbooked, the airline has a policy of getting the customer on the next available flight and giving the person a free round-trip ticket on a future flight. the cost of this free round-trip ticket averages $263. super discount considers the cost of flying the plane from new york to los angeles a sunk cost. by how many seats should super discount overbook the flight? (use excel's normsinv() function to find the correct critical value for the given α-level. do not round intermediate calculations. round your answer to the nearest whole number.)

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Next week, super discount airlines has a flight from new york to los angeles that will be booked to...