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.
-Using the above data,the number of overbooked customers is computed using ________.
A)MAX(Customer arrivals,Seats available)
B)MIN(0,Customer arrivals - Seats available)
C)MAX(0,Customer arrivals - Seats available)
D)MIN(Customer arrivals,Seats available)

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.
-Using the above data,the number of overbooked customers is computed using ________.
A)MAX(Customer arrivals,Seats available) 
B)MIN(0,Customer arrivals - Seats available) 
C)MAX(0,Customer arrivals - Seats available) 
D)MIN(Customer arrivals,Seats available)

Quizplus · Accepted Answer

The number of overbooked customers is calculated as the maximum of 0 and the difference between customer arrivals and seats available. If the number of seats available is greater than or equal to the number of customer arrivals, there are no overbooked customers, so the maximum of 0 and the difference will be 0. However, if the number of customer arrivals is greater than the number of seats available, the difference will be positive, and the maximum of 0 and that difference will give the number of overbooked customers. Therefore, the correct choice is C.

Use the Data Set Shown Below to Answer the Following