Use the data set shown below to answer the following question(s). The demand at the ticket booking center can be modeled by a Poisson distribution with a mean of 220.Assume that each reservation has a constant probability of p = 0.02 of being cancelled.Use Crystal Ball functions for the model.
-For the data given above,what is the approximate net revenue of the ticket booking counter?
A)about $2,800
B)about $3,900
C)about $4,800
D)about $5,900

Question

Use the data set shown below to answer the following question(s).  The demand at the ticket booking center can be modeled by a Poisson distribution with a mean of 220.Assume that each reservation has a constant probability of p = 0.02 of being cancelled.Use Crystal Ball functions for the model.
-For the data given above,what is the approximate net revenue of the ticket booking counter?
A)about $2,800 
B)about $3,900 
C)about $4,800 
D)about $5,900

Quizplus · Accepted Answer

The approximate net revenue is calculated based on the data provided, which suggests it is closest to $3,900.

Use the Data Set Shown Below to Answer the Following