Kong Kong Express Airline has started selling the air tickets for the flight 209 from Hong Kong to Roma on June 30. Ther
Posted: Fri May 20, 2022 7:59 am
Kong Kong Express Airline has started selling the air tickets
for the flight 209 from Hong Kong to Roma on June 30.
There are 250 economy class seats on board. The airline sells some
economy class seats at a discount price of HK$4,400 in advance and
reserve a number of seats to sell at the full price
of HK$10,000. Suppose that Kong Kong Express Airline can
always sell all discount tickets, and the demand for full price
tickets is normally distributed with a mean of 100 and a standard
deviation of 25. What is the optimal protection level for the
airline? Choose the closest option.
Group of answer choices
104
96
75
100
125
for the flight 209 from Hong Kong to Roma on June 30.
There are 250 economy class seats on board. The airline sells some
economy class seats at a discount price of HK$4,400 in advance and
reserve a number of seats to sell at the full price
of HK$10,000. Suppose that Kong Kong Express Airline can
always sell all discount tickets, and the demand for full price
tickets is normally distributed with a mean of 100 and a standard
deviation of 25. What is the optimal protection level for the
airline? Choose the closest option.
Group of answer choices
104
96
75
100
125