Find the probability that more than 16 passengers will arrive

  1. Find the probability that more than 16 passengers will arrive if Mockingbird sells 17 reservations (Res = 17). Do the same for 18 and 19.

2. Find: E(R1|Res 1⁄4 16)

E(C1|Res 1⁄4 16)

E(C2|Res 1⁄4 16)

Finally, calculate

E(Prof it|Res 1⁄4 16) 1⁄4 E|RjRes 1⁄4 16Þ

E(C1|Res 1⁄4 16)  E|C2)Res 1⁄4 16)

3. Repeat Question 2 for 17, 18, and 19 reservations.What is your conclusion? Should Mockingbird overbook? By how much?