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.
-Which of the following is the best number of reservations to accept?
Definitions:
Formal
Pertains to actions, processes, or documents that are done in accordance with established or conventional rules.
Note Receivable
A financial asset representing a written promise to receive a specific sum of money at a future date.
Other Receivables
Financial claims against entities other than customers, which might include tax refunds, interest due, and insurance claims.
Noncurrent Assets
Noncurrent assets are long-term assets that are not expected to be converted into cash or used up within one year, including property, plant, and equipment.
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