Examlex

Solved

Because of Late Cancellations, Neptune Lines, an Operator of Cruise

question 244

Multiple Choice

Because of late cancellations, Neptune Lines, an operator of cruise ships, has a policy of accepting more reservations than there are accommodations available. From experience, 8% of the bookings for the 90-day around-the-world cruise on the S.S. Drion, which has accommodations for 2,000 passengers, are subsequently canceled. If the management of Neptune Lines has decided, for public relations reasons, that a person who has made a reservation should have a probability of 0.90 of obtaining accommodation on the ship, determine the largest number of reservations that should be taken for a cruise on the S.S. Drion. Round your answer to the nearest integer.


Definitions:

Throughput Sector

Part of an economic or production system that processes inputs into outputs, emphasizing the flow of resources.

Decoded

Refers to the process of interpreting or giving meaning to something, such as a message, information, or data, by converting it from a coded form into a more understandable format.

Coded

Involves transforming data or information into a format that is understandable by a specific system, often for the purpose of confidentiality, tracking, or efficiency.

Emergent Gestation

The process through which new ideas, structures, or innovations develop gradually over time.

Related Questions