Exhibit 12.4.
The following questions use the information below.
The manager of a Washington, DC sightseeing tour company is concerned about overbooking for one of his bus tours. The bus has 15 seats but sometimes there are empty seats. His records show that about 20% of ticket holders do not show up for their tour. Tickets cost $10 and are non-refundable. If the manager overbooks the tour and more than 15 passengers show up, some of them will be bumped to a later tour. This bumping costs the company $25 in various expenses to keep the customer happy until the next tour. The manager wants to see what happens to profits if 18 reservations are accepted. 
-Using the information in Exhibit 12.4, what formula should go in cell C15 of the worksheet to determine the Marginal Profit?
A) =C12+C13+C14
B) =C12-C13-C14
C) =C12-C14+C13
D) =C12-(C13-C14)
Correct Answer:
Verified
Q51: If a spreadsheet simulation user has a
Q52: Which of the following do not help
Q53: Exhibit 12.2
The following questions use the information
Q54: What method is used to generate observations
Q55: Exhibit 12.1
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Q57: Exhibit 12.3
The following questions use the information
Q58: Inventory position is defined as
A) ending inventory
Q59: Exhibit 12.3
The following questions use the information
Q60: The worst-case analysis approach to risk analysis
A)
Q61: Exhibit 12.3
The following questions use the information
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