Use the Data Set Shown Below to Answer the Following

question 9

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,which of the following are defined as the forecast cells to run a simulation?

• A)Customer demand and Reservation limit
• B)Overbooked customers and Net revenue
• C)Reservations made and Cancellations
• D)Customer arrivals and Seats available

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Definitions:

Mergers

The combination of two or more companies into one, where one corporation is completely absorbed by another corporation.

Sherman Act

A federal statute that prohibits monopolistic business practices and promotes competition.

Injunctions

are judicial orders that restrain a person from beginning or continuing an action threatening or invading the legal right of another, or that compel a person to carry out a certain act, like repairing a nuisance.

Remedies

Legal means for enforcing rights or compensating harm due to the breach of a legal duty.