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The Manager of a Washington, DC Sightseeing Tour Company Is

question 26

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The manager of a Washington, DC sightseeing tour company is concerned about overbooking for one of his bus tours. The bus has 15 seats but sometimes there are empty seats. His records show that about 20% of ticket holders do not show up for their tour. Tickets cost $10 and are non-refundable. If the manager overbooks the tour and more than 15 passengers show up, some of them will be bumped to a later tour. This bumping costs the company $25 in various expenses to keep the customer happy until the next tour. The manager wants to see what happens to profits if 18 reservations are accepted.  The manager of a Washington, DC sightseeing tour company is concerned about overbooking for one of his bus tours. The bus has 15 seats but sometimes there are empty seats. His records show that about 20% of ticket holders do not show up for their tour. Tickets cost $10 and are non-refundable. If the manager overbooks the tour and more than 15 passengers show up, some of them will be bumped to a later tour. This bumping costs the company $25 in various expenses to keep the customer happy until the next tour. The manager wants to see what happens to profits if 18 reservations are accepted.   -Using the information in Exhibit 12.4, what Risk Solver Platform (RSP)  function should be used in cell C10 to determine the number of Passengers to Board? A) =PsiBinomial($C$8, 1-$C$6)  B) =PsiBinomial(1-$C$6, $C$8)  C) =PsiBinomial($C$8, $C$6)  D) =PsiBinomial($C$6, $C$8)
-Using the information in Exhibit 12.4, what Risk Solver Platform (RSP) function should be used in cell C10 to determine the number of Passengers to Board?


Definitions:

Granulomatous

Relating to granulomas, which are small areas of inflammation caused by tissue injury or infection.

Sarcoidosis

An inflammatory disease that affects multiple organs in the body, but mostly the lungs and lymph glands, characterized by the formation of granulomas.

Legionnaires Disease

A severe form of pneumonia caused by the Legionella bacteria, often spread through inhalation of contaminated water droplets.

Mycobacterium Tuberculosis

The bacterium that causes tuberculosis, a contagious infection that primarily impacts the lungs but can also affect other parts of the body.

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