Use the data set shown below to answer the following question(s). The demand at the ticket booking center can be modeled by a Poisson distribution with a mean of 220.Assume that each reservation has a constant probability of p = 0.02 of being cancelled.Use Crystal Ball functions for the model.
-For the data given above,which of the following calculates the number of customer arrivals?
A)Reservation limit - Reservations made
B)Reservation limit - Cancellations
C)Cancellations + Reservations made
D)Reservations made - Cancellations

Question

Use the data set shown below to answer the following question(s).  The demand at the ticket booking center can be modeled by a Poisson distribution with a mean of 220.Assume that each reservation has a constant probability of p = 0.02 of being cancelled.Use Crystal Ball functions for the model.
-For the data given above,which of the following calculates the number of customer arrivals?
A)Reservation limit - Reservations made 
B)Reservation limit - Cancellations 
C)Cancellations + Reservations made 
D)Reservations made - Cancellations

Quizplus · Accepted Answer

The number of customer arrivals can be calculated by subtracting the number of cancellations from the number of reservations made. This gives the net number of customers who have made reservations and have not cancelled, thus are expected to arrive.

Use the Data Set Shown Below to Answer the Following