Use the table below to answer the following questions) .
Below is a room overbooking model spreadsheet for the Metza, a hotel chain. The hotel has 425 rooms priced at $180 per day each, and is usually fully booked. Reservations can be cancelled any time before 5:00 p.m. with no penalty. The hotel estimates an average overbooking cost of
$150. Customer demand is set at 400 with an average cancellation of 20.
-Which of the following is the excel formula used to estimate overbooked customers?
A) =MIN0,B5-B15)
B) =MAX0,B15-B5)
C) =MAXB11,B12)
D) =MINB11-B12,B11-B14)
Correct Answer:
Verified
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