Hello, If you could answer question 5 part d showing step by step how you solved

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Hello,
If you could answer question 5 part d showing step by step how you solved it so I may solve similar problems in the future myself, that would be greatly appreciated!
Thank you in advance! Question 5: Airfare Revenue Maximization he flight from Seattle to Chicago has 250 seats. The airline offers a high and low fare. There is ample demand for the low fare. Low fare customers buy in advance of high fare customers. Demand for the high fa are is Normally distributed with a mean of 100 and a standard deviation of 40. The high fare is $700 and the low fare is $450 a) What is the optimal protection level for the high fare? 700 Protection leue|-Norm. InwCo.3571loo,40)-85.36~85 Protection Level Nos m lnv o0.37 b) What is the total expected revenue (including both low and high-fare passengers) when the protection level is 110 seats? Tatol Expected Rev 77 3e 10

Explanation / Answer

Primarily,

There were 250 seats in the flight.

In part d ,

the airline was overbooked by 20 seats.

So 250+20=270 booking seats.

High fare ticket seats were set to 150.

So remaining booking limit for low fare seat:

270-150=120 seats.

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