Use the Table Below to Answer the Following Question(s) -Which of the Following Is the Excel Formula Used to Is

question 66

Multiple Choice

Use the table below to answer the following question(s) .
Below is a room overbooking model spreadsheet for the Metza, a hotel chain. The hotel has 425 rooms priced at $180 per day each, and is usually fully booked. Reservations can be cancelled any time before 5:00 p.m. with no penalty. The hotel estimates an average overbooking cost of
$150. Customer demand is set at 400 with an average cancellation of 20. $\begin{array}{|c|l|l|}\hline &A&B\\\hline1 & \begin{array}{c}\text { Hotel Overbooking Model } \\\text { for the Metza group of } \\\text { hotels }\end{array} & \\\hline 2& & \\\hline 3 & \text { Data } & \\\hline 4 & & \\\hline 5 & \text { Rooms Available } & 425 \\\hline 6 & \text { Price per room } & \$ 180 \\\hline 7 & \text { Overbooking Cost } & \$ 150 \\\hline 8 & & \\\hline 9 & \text { Model } & \\\hline 10 & & \\\hline 11 & \text { Reservation Limit } & 425 \\\hline 12 & \text { Customer Demand } & 400 \\\hline 13 & \text { Reservation Made } & \\\hline 14 & \text { Cancellations } & 20 \\\hline 15 & \text { Customer Arrivals } & \\\hline 16 & \text { Overbooked Customers } & \\\hline\end{array}$
-Which of the following is the excel formula used to estimate overbooked customers?

• A) =MIN(0,B5-B15)
• B) =MAX(0,B15-B5)
• C) =MAX(B11,B12)
• D) =MIN(B11-B12,B11-B14)

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Definitions:

Control Group

The participants in an experiment who are as much like the experimental group as possible and who are treated in every way like the experimental group except for a manipulated factor, the independent variable.

Demand Characteristics

Features of an experimental study that inform participants of the purpose of the study or the behavior expected of them.

Research Cues

Essential elements or signals in a research setting that can influence participants' behavior or responses, often controlled or manipulated by researchers.

Participant Effects

The influence that the presence of participants in research may have on the results, due to their behaviors, attitudes, or responses being affected by knowing they are being studied.