MudlarkAirlines has a 15-seater commuter turboprop that is used for shortflights

Question

MudlarkAirlines has a 15-seater commuter turboprop that is used for shortflights. Their data suggest that on average about 8% of thecustomers who buy tickets are no shows. Wanting to avoid emptyseats (they see this as lost revenue), they decide to sell 17tickets for each flight. Ticketed customers who can't be seated onthis plane will be accommodated on another flight and will receivea certificate good for a free flight at another time. You have beenretained as a consultant to Mudlark. Your job is to determinewhether this particular overbooking is a sound strategy. usesimulation methods to perform your analysis. explain whether thepolicy is good for the company or whether it should beadjusted.

how do i goabout this problem

should i do(1, 17, 17)? or a different way?

Explanation / Answer

what should be the numbers used for the simulation??

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