Exhibit 12.4. The Following Questions Use the Information Below

question 14

Multiple Choice

Exhibit 12.4.
The following questions use the information below.
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 Analytic Solver Platform 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)

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Definitions:

Nutrients

Materials that supply the necessary nutrients for the development and sustenance of living organisms.

Inheritance

Transmission of DNA to offspring.

Reproduction

The biological process by which new individual organisms are produced from their parents.

Inductive Reasoning

Drawing a conclusion based on one’s observations.