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Statistics Problem: Reserved Airline Seats

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To help fill its seats for a particular flight, an airline offers a special nonrefundable fare of $200 for customers who make a reservation at least 21 days in advance and satisfy other restrictions. Thereafter, the fare will be $600. A total of 100 reservations will be accepted. The number of customers who have requested a reservation at full fare for this flight in the past always has a normal distribution with mean 40 and standard deviation 10. Determine how many seats should be reserved for customers who pay full fare.

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Solution Summary

The expert examines the reserved airline seats in statistics.

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See the attached file. Thanks
Demand Data
Demand Rate (l) 40
Demand Standard ...

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