Use This Information to Answer the Following Questions

question 10

Essay

Use this information to answer the following questions.
The manager of an opera theater is concerned about overbooking one of his upcoming concerts.The theater has 300 seats,but sometimes there are empty seats.Tickets cost $50 per seat.Historical records demonstrate that about 9% of reservation holders do not show up.If the manager overbooks and more than 300 individuals show up,some of them will be given guaranteed reservations and VIP seats to the next coming show.Moreover,to keep his customers happy,the manager gives each individual who is bumped $20 worth of gift certificates.
-Refer to the information above.Suppose that the manager wishes to examine the effect of different reservation levels on the average weekly total costs.In specific,the manager wishes to consider levels of 290,300,310,and 320.Use Crystal Ball's Decision Table to find the reservation level that maximizes average profit.Use 1000 replications.

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Definitions:

Promotion

The advancement of an employee to a higher position or job title within a company.

Instrumentality

The belief or expectation that performing a given behavior is associated with a particular outcome.

Performance Impact

The effect or influence that an individual's or group's actions have on the overall outcomes or goals of a project or organization.

Ineffective Performance

A level of work performance that fails to meet established standards or objectives.