Use the table below to answer the following question(s) .
Below is a spreadsheet for a hotel overbooking model.
Answer the following question(s) using multiple parameterized simulations.The range of the historical data is 400-430.
-What is the number of reservations that will generate a net revenue of $59,000?
Definitions:
Demand
The quantity of a product or service consumers are willing and able to purchase at various price levels.
Convenience Store Products
Items sold in convenience stores, often including snacks, beverages, tobacco products, and household essentials.
Gas Sales
Transactions involving the purchase and sale of gas, either in its natural form or after processing, typically for the purpose of energy production or heating.
Complements
Goods or services that are used together, where the demand for one item increases the demand for another.
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