Below is a decision tree for the airline revenue management.Create a one-way data table to answer the following question(s).
-If the probability of selling the full-fare air ticket is 0.65,the best decision is to discount the price.

Question

Below is a decision tree for the airline revenue management.Create a one-way data table to answer the following question(s). 
-If the probability of selling the full-fare air ticket is 0.65,the best decision is to discount the price.

Quizplus · Accepted Answer

By following the decision tree, if the probability of selling the full-fare air ticket is 0.65, it leads to the decision of discounting the price, which results in higher expected revenue compared to not discounting the price. Therefore, the best decision in this scenario is to discount the price.

Below Is a Decision Tree for the Airline Revenue Management