Demand for regular-fare customers

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Question

Inn at Penn has 200 rooms. For regular-fare customers, rooms are priced at $300 per night while the rooms are priced at $700 per night for the high-paying customers who generally arrive at the last minute. The demand for such high fare customers is distributed normally with mean 60 and standard deviation 50. Assume that there is ample demand for regular-fare customers.

Reference no: EM132875407

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