Use the Information Below to Answer the Following Question(s)

question 38

Multiple Choice

Use the information below to answer the following question(s) . Below is a decision tree for the airline revenue management. Create a one-way table and answer the following questions.
-What is the expected value of the ticket when a discount is offered on the full fare? [Hint: Choose the approximate value.]

• A) $ 442.50
• B) $ 472.00
• C) $ 410.00
• D) $ 501.50

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Definitions:

Detail Offered

The specific information provided to potential buyers about a product or service to aid their decision-making process.

Targeted Customers

Specific segments of the market identified as potential purchasers or users of a company's products or services.

Perceptual Vigilance

The tendency of individuals to notice and give preferential treatment to stimuli that are relevant to their current needs or interests.

Stimulus Organization

The process by which individuals perceive and organize sensory inputs into meaningful patterns or systems.