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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?

Definitions:

Intellectual Property

Refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce.

Affixed

Affixed means to be attached or securely connected to something else, typically in a permanent or semi-permanent manner.

Joint Tenants

A form of property co-ownership where each party has an equal share and the right of survivorship.

Tenants in Common

A form of co-ownership where each party owns a separate and undivided interest in the property, and upon death, their share is inheritable by their heirs.