Offwego airlines has a daily flight from chicago to las vega

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Reference no: EM13523575

Offwego Airlines has a daily flight from Chicago to Las Vegas. On average, 20 ticket holders cancel their reservations, so the company intentionally overbooks the flight. Cancellations can be described by a normal distribution with a mean of 20 passengers and a standard deviation of 4.45 passengers. Profit per passenger is $102. If a passenger arrives but cannot board due to overbooking, the company policy is to provide a cash payment of $220.

Reference no: EM13523575

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Offwego airlines has a daily flight from chicago to las vega : Offwego Airlines has a daily flight from Chicago to Las Vegas

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