Use the Data Set Shown Below to Answer the Following

question 71

Multiple Choice

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,what is the approximate net revenue of the ticket booking counter?

• A)about $2,800
• B)about $3,900
• C)about $4,800
• D)about $5,900

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Definitions:

AC into DC

The process of converting alternating current (AC) into direct current (DC), typically using rectifiers.

Commutator

Strips or bars of metal insulated from each other and arranged around one end of an armature. They provide connection between the armature windings and the brushes. The commutator is used to ensure proper direction of current flow through the armature windings.

Alternator

An electrical generator that converts mechanical energy to electrical energy in the form of alternating current.

Converter

A device that changes the form of an electrical signal or power source, such as converting alternating current (AC) to direct current (DC).